Question

Find the interest for the given dates to the nearest cent. 6,150 dollars at 9% for 12/5 to 12/30 Please help! :)

Answer 1

the interest is about 29.78.

Explanation:

assuming It is at 9% per year,

6150*0.09*25/31/12=

553.5*0.08065/15=

553.5*0.0538=

29.7783 which is about 29.78