A company took a loan on the May 15th and paid it back on the Oct 20th. The amount of interest they needed to pay was 1 808,34 € The interest rate of the loan was 2,8% Calculate the amount of the loan. Principal Rate Time Start date End date Days Interest Answer:

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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Question
A company took a loan on the May 15th
and paid it back on the Oct 20th.
The amount of interest they needed to pay was 1 808,34€
The interest rate of the loan was 2,8%
Calculate the amount of the loan.
Principal
Start date
Rate
End date
Time
Days
Interest
Answer:
Transcribed Image Text:A company took a loan on the May 15th and paid it back on the Oct 20th. The amount of interest they needed to pay was 1 808,34€ The interest rate of the loan was 2,8% Calculate the amount of the loan. Principal Start date Rate End date Time Days Interest Answer:
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