Posted by Anonymous on .
find the simple interest. Assume a 360day year and a 30day month. 18000 at 5%; loan made on September 12 and due November 27.

simple interest 
drwls,
The 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 
simple interest 
delmon,
Felicia invested money at an interest rate of 4% after six months ,she had earned 90.00 interest ,how much money did Felicia invest