question archive Indira paid interest charges of $171
Indira paid interest charges of $171
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Indira paid interest charges of $171.85 on a $4,910 invoice that was two months overdue.
What monthly rate of simple interest was she charged?
Raimo borrowed $760 from Chris on October 10 and agreed to repay the debt with simple interest at the rate of 4.4% on May 11.
How much interest was owed on May 11? Assume that February has 28 days.
On July 6, 2016, $1400 was borrowed at an interest rate of 9.75%. On what date was the loan repaid if the amount of accrued interest was $74.05?
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