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

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

- simple interest -
**drwls**, Monday, October 3, 2011 at 10:11pm
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**, Thursday, July 16, 2015 at 12:38pm
Felicia invested money at an interest rate of 4% after six months ,she had earned 90.00 interest ,how much money did Felicia invest

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