Wednesday

April 16, 2014

April 16, 2014

Posted by **Anonymous** on Monday, October 3, 2011 at 10:04pm.

- simple interest -
**drwls**, Monday, October 3, 2011 at 10:11pmThe length of the loan is 45 days. That is 1.5 months (1/8 year). The simple interest owed would be

18,000*[(0.05)/8]

= 112.50

**Related Questions**

Math - the principle B is borrowed at a simple interest rate r for a period of ...

math - help find the simple interest rate. Find the simple interst owed for the ...

math - help find the simple interest rate. Find the simple interst owed for the ...

Interest Rates - Homer won a prize in the lottery of $1000, payable $500 ...

math,orrection - is this correct now.. Problem #1 Find the simple interest ...

Algebra - Maybe that was to confusing...we have a data sheet to fill out - 2 ...

drbob222 - Can you check this one for me i want to make sure. The simple ...

medu - RM 2000 was invested on 15march 2012. If the simple interest rate offered...

algebra - A total of $6200 is deposited into two simple interest accounts. On ...

algebra - Andrew has a four-year college loan for $20,000. The lender charges a ...