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Find the total amount owed, to the nearest cent, for the following simple interest loans. (3 points each) a. $525 loan at 9.9% interest for 6 months b. $12,460 loan at 5.6% inte…

Find the total amount owed, to the nearest cent, for the following simple interest loans. (3 points each) a. $525 loan at 9.9% interest for 6 months b. $12,460 loan at 5.6% inte…
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Find the total amount owed, to the nearest cent, for the following simple interest loans. (3 points each)

a. $525 loan at 9.9% interest for 6 months

b. $12,460 loan at 5.6% interest for 30 months

User Slapyo
by
7.5k points

1 Answer

2 votes

Answer:

a. 90.04

b. 446.05

User Smita
by
7.9k points
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