mistylynn49 mistylynn49

17-11-2020
Mathematics

contestada

2900 loan for 5 months at 8.95% simple interest

Respuesta :

virtuematane virtuematane

17-11-2020

Answer:

108.1458

Step-by-step explanation:

Simple interest=(2900×5×8.95)/100×12

=2900×5×895/120000

=29×5×895/1200

=129775/1200

=108.1458

So the simple interest is 108.1458

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