Question

El propietario de un hotel solicitó un préstamo

de $30,000.00 para la compra de 24 televisores
El préstamo es a 90 días a una tasa de interés
anual del 12%. Encuentra la cantidad total que
debe pagar.

Answer 1

The total amount to be repaid by the hotel owner is $30,888.00.

To find the total amount the hotel owner must repay, we need to calculate the interest accrued on the loan.

The formula to calculate the simple interest is: Interest = Principal x Rate x Time.

In this case, the Principal is $30,000.00, the Rate is 12% per year, and the Time is 90 days or 3 months.

First, we convert the time to years by dividing 90 days by 365 (number of days in a year).

So, Time = 90/365 = 0.2466 years.

Now, we can calculate the interest: Interest = $30,000.00 x 0.12 x 0.2466 = $888.

Thus, the total amount that needs to be repaid is the sum of the principal and the interest: $30,000.00 + $888 = $30,888.00.