HELP !
The Manchester novelty shop borrowed $205,000 from the bank to pay for new merchandise. The bank lent the money at 6 percent ordinary interest for 45 days. Find the interest owned and the maturity value of the loan.

Question

06-12-2022
Mathematics

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HELP !
The Manchester novelty shop borrowed $205,000 from the bank to pay for new merchandise. The bank lent the money at 6 percent ordinary interest for 45 days. Find the interest owned and the maturity value of the loan.

Sagot :

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HELP ! The Manchester novelty shop borrowed $205,000 from the bank to pay for new merchandise. The bank lent the money at 6 percent ordinary interest for 45 days. Find the interest owned and the maturity value of the loan.

Sagot :

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HELP !
The Manchester novelty shop borrowed $205,000 from the bank to pay for new merchandise. The bank lent the money at 6 percent ordinary interest for 45 days. Find the interest owned and the maturity value of the loan.