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May someone help me out with this please
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1 vote
May someone help me out with this please

May someone help me out with this please-example-1
User Shaahin
by
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1 Answer

5 votes
P = $13000, r =6% = 0.06 per year, t = 90 days = 90/360 = 0.25 year

Interest , I = Prt

Interest , I = 13000*0.06*0.25 = 195

Interest owed = $195
User Cogell
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7.5k points
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