Jill Reynolds took out a simple interest loan for $27,000 at 7.65% for 20 months. What is the total interest cost (to ne

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: 899603
Joined: Mon Aug 02, 2021 8:13 am

Jill Reynolds took out a simple interest loan for $27,000 at 7.65% for 20 months. What is the total interest cost (to ne

Post by answerhappygod »

Jill Reynolds took out a simple interest loan for $27,000 at7.65% for 20 months. What is the total interest cost (to nearestcent) for Jill?
$4,326.30
$3,442.50
None of the answers is correct
$2,264.17
$3,724.88
$4,019.40
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”