Monday

March 2, 2015

March 2, 2015

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

**Answer this Question**

**Related Questions**

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

Math - 1. Jacksonville Technical College received $3,445,553 in state aid on ...

Math - Find the finance charge (interest) due on a 9-month loan of $2,400 at a ...

math - Belle had the choice of taking out a four year car loan at 8.5% simple ...

Simple Interest & Maturity Value - On September 7, Jennifer Rick went to Park ...

Math - In interviewing November's statement she notices that her beginning ...

Finance - To find the simple interest on a loan for 1 year at 12.5%, multiply ...

Math - How do I find the exact interest on a loan for $3000 with a simple ...

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

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