Wednesday
April 16, 2014

Homework Help: Math

Posted by Gregg on Sunday, September 18, 2011 at 2:17pm.

Find the finance charge (interest) due on a 9-month loan of $2,400 at a simple interest rate of 10%.(Use the formula for simple interest: Interest Earned = Principal×Rate×Time)
(a)$ 18.00 (b)$ 1,800 (c)$ 180
(d)$ 1.80 (e)$ 18

I put in 2400*9*.10 and it equals 2160 so i don't get what i'm doing wrong for the problem

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - Credits & finance charges - On the May 1 billing date, Mary had a balance...
Business Math - Terry has an 18-month installment loan for $1,700 at 12% annual ...
Math - Aaron had an unpaid balance of $1,177.79 on his credit card statement at ...
Math - Credits & finance charges - On the May 1 billing date, Mary had a balance...
math - Mr. Chang and his wife together had an unpaid balance of $500 on their ...
Maths - On the May 1 billing date, Mary had a balance due of $970.60 on her ...
math - average daily balance . find the credit card finance charge for the month...
Business Math - the finance charge at 12% interest for an original charge amount...
math - if john had an unpaid balance of $1,854.80 on his credit card statement ...
Maths - check answer - On the May 1 billing date, Mary had a balance due of $970...

Search
Members