menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Contemporary Business Mathematics for Colleges
  4. Exam
    Exam 13: Simple Interest
  5. Question
    Compute the Ordinary Interest (360-Day Year) and the Total Amount
Solved

Compute the Ordinary Interest (360-Day Year) and the Total Amount

Question 51

Question 51

Short Answer

Compute the ordinary interest (360-day year) and the total amount of the loan in the following problems. Round answers to the nearest cent.​
​ Compute the ordinary interest (360-day year) and the total amount of the loan in the following problems. Round answers to the nearest cent.​ ​

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q46: Walter Fong borrowed $1,175 at 8% ordinary

Q47: ​Compute the simple interest. If the time

Q48: Dennis Rogers and Betty Chin opened a

Q49: Janice Costa bought some power equipment priced

Q50: For a few years now, Karen Williamson

Q52: Paula Frye loaned $10,000 to her son's

Q53: Red Winowski invested money for five years

Q54: Charles Clothing Company needs to borrow money

Q55: Compute (a) the ordinary interest, (b) the

Q56: Daniel White borrowed $5,000 for 80 days.

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines