What is the time period of a loan for $3,000, at 10% ordinary interest, if the amount of interest is $145.00? (Round any fraction to the next higher day)
A) 174 days
B) 176 days
C) 177 days
D) 178 days
Correct Answer:
Verified
Q48: Shaylash takes out a loan for $10,500,
Q49: Suppose you take out a loan for
Q50: Suppose you take out a loan for
Q51: What is the time period of a
Q52: Myerson borrowed $8,500 at 9% ordinary interest
Q54: What is the rate of interest on
Q55: Use the ordinary interest method to find
Q56: Use the exact interest method to find
Q57: Find the amount of the principal on
Q58: Ada signed a simple discount promissory note
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents