Register

A bank loaned Peggy $3,000 at 13.5% ordinary interest for 90 days. Find the amount of interest she owed on the loan.

A bank loaned Peggy $3,000 at 13.5% ordinary interest for 90 days. Find the amount of interest she owed on the loan.
196k views
5 votes
A bank loaned Peggy $3,000 at 13.5% ordinary interest for 90 days. Find the amount of interest she owed on the loan.

User Joel Cunningham
by
8.2k points

1 Answer

2 votes
I think it's $405 because that's the product of the decimal form of 13.5% (.135) and the amount loaned (3,000).
User Gawayne
by
7.7k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!