Martin takes out a simple interest loan at 3%. After 12 months the amount of interest on the loan is $46.14. What was th

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899604
Joined: Mon Aug 02, 2021 8:13 am

Martin takes out a simple interest loan at 3%. After 12 months the amount of interest on the loan is $46.14. What was th

Post by answerhappygod »

Martin Takes Out A Simple Interest Loan At 3 After 12 Months The Amount Of Interest On The Loan Is 46 14 What Was Th 1
Martin Takes Out A Simple Interest Loan At 3 After 12 Months The Amount Of Interest On The Loan Is 46 14 What Was Th 1 (94.69 KiB) Viewed 21 times
Martin takes out a simple interest loan at 3%. After 12 months the amount of interest on the loan is $46.14. What was the amount of the loan? Assume that simple interest is being calculated. Round the answer to the nearest dollar O A. $1.499 B. $1538 C. $1.753 D. S15
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”