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In order to start a small business, a student takes out a simple interest loan for $6000.00 for 9 months at a rate of 11
Posted: Thu May 12, 2022 11:51 am
by answerhappygod
- In Order To Start A Small Business A Student Takes Out A Simple Interest Loan For 6000 00 For 9 Months At A Rate Of 11 1 (15.85 KiB) Viewed 21 times
In order to start a small business, a student takes out a simple interest loan for $6000.00 for 9 months at a rate of 11.00%. a. How much interest must the student pay? b. Find the future value of the loan a. The amount of interest is $ (Round to the nearest cent as needed.) b. The future value is $ (Round to the nearest cent as needed)