dinchi94 dinchi94

01-12-2017
Mathematics

contestada

If you had a loan for $30,000 at an annual interest rate of 8 percent with a 90-day interest prepayment penalty, what would be the amount of your penalty?
a. $200
b. $600

Respuesta :

Aliwohaish12 Aliwohaish12

03-12-2017

The formula is
I=prt
I amount of penalty ?
P loan 30000
R interest rate 0.08
T time 90/360
I=30,000×0.08×(90÷360)
I=600

Hope it helps!

Answer Link

Otras preguntas

If it takes Mark twice as long to earn $6.00 as it takes Carl to earn $4.00, what is the ratio of Mark’s pay per hour to Carl’s pay per hour?

Which period was the “golden age of dinosaurs”? a. the Triassic Period b. the Jurassic Period c. the Cretaceous Period d. the Tyrannosaurus Period

What are abiotic factors of the enviroment lynx

The unstated purpose of the Alien and Sedition Acts was to (A) unite the nation in time of danger (B) deport immigrants who were becoming too numerous (C) prote

Can someone please help me ?

Why does Louis XIV want to expand France's border?

China, Korea, and Japan share cultural similarities in part due to their (1) clashes with Russian imperialists (2) shared river systems (3) contacts through tra

Why were people from Africa brought to Georgia?

what is the kingdom and phylum of a euglena protest?

which explorer sailed for france?