Question

Sue shopper received a 749.25 discount loan to purchase a refrigerator. The loan was offered at 12% for 120 days. Find the interest in dollars and the proceeds for the following problem

Answer 1

Answer:A=$29.67

B=$719.58

Explanation:

odyssey ware

Answer 2

Sue Shopper received a 749.25 discount loan to purchase a refrigerator. The loan was offered at 12% for 120 days. Find the interest in dollars and the proceeds for the following problem.

Explanation:

I =A*R*T

Interest = 749.25*0.12*120

120 = 0.33

Interest = 749.25*0.12*0.33 = 29.67

Interest is 29.67

P = I*P

Principal = 749.25 - 29.67 = 719.58

Principal = 719.58