Question 4 of 10, Step 1 of 1 Correct How much simple interest would be paid on a loan of $10,140 at 8 % for 5 months? Round your answer to nearest cent. assume 360 days in a year 30 days in a month

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asked Jul 2, 2022 76.9k views

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Question 4 of 10, Step 1 of 1

Correct
How much simple interest would be paid on a loan of $10,140 at 8 % for 5 months? Round your answer to nearest cent. assume 360 days in a year 30 days in a month

Mathematics
college

CanUver asked

by CanUver

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1 Answer

5 votes

Answer:

338

Explanation:

10,140x.08=811.20 annual interest

811.20/360 x 150(5 months)=338

Matt Culbreth answered Jul 7, 2022

by Matt Culbreth

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