Ask Question
26 August, 12:10

You get a $3,000 loan at 9% interest for 120 days. The lender uses a 365-day year. How much will you owe on the maturity date?

+5
Answers (1)
  1. 26 August, 14:08
    0
    First step you have to is first your interest rate of the first one which is 130.8 all I did was covert 9% into a decimal which is. 09 then I multiply it by 120 which was 10.8 then I added that by 120 after that you will add 365 by 120 which is 485 and you do all the steps I told you which will give you 528.65
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You get a $3,000 loan at 9% interest for 120 days. The lender uses a 365-day year. How much will you owe on the maturity date? ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers