Short Answer
Kevin Mills borrowed money to purchase a car at 14.4% ordinary interest for a time period from March 1 to August 18. The amount of interest on this loan was $204. How much did Kevin borrow?
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q109: Find the amount of the principal on
Q110: Use the exact method (365 days)
Q111: Suppose you take out a loan for
Q112: Ben was charged 12.5% interest and paid
Q113: Patty wants to pay off a medical
Q115: Maturity value is the total payback of
Q116: When calculating simple interest and the time
Q117: Marcy Link took out a loan for
Q118: Lars was charged 10.5% interest and paid
Q119: What is the maturity date on a