Question

A company borrows ​$10,000 at ​9% for days. Find ​(a) the amount of interest due and ​(b) the total amount that must be paid after days.

Answer 1

Answer:To calculate the interest and total amount to be paid on a loan, you can use the following formulas:

(a) Interest = Principal × Rate × Time

(b) Total amount = Principal + Interest

In this case:

(a) Interest = $10,000 × 0.09 × (days / 365)

(b) Total amount = Principal + Interest

Let's plug in the values:

(a) Interest = $10,000 × 0.09 × (days / 365)

(b) Total amount = $10,000 + Interest

Now, we need the value of "days" to calculate the interest and the total amount. Please provide the number of days for which the loan is taken, and I can help you calculate the specific values.

Explanation: