Solved

David Brown Borrowed $2,225 at 7% Ordinary Simple Interest for 190

Question 19

Short Answer

David Brown borrowed $2,225 at 7% ordinary simple interest for 190 days. Compute the total amount that David will have to pay on the due date. (Use a 360-day year.)​

Correct Answer:

verifed

Verified

$2,225 × 0.07 × 190/...

View Answer

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

Related Questions