The answer to this question youll worked out was counted wrong but I have no idea why. 216.78 was not the correct answer. Nolan Walker decided to buy a used snowmobile since his credit union was offering such low interest rates. He borrowed $5,000 at 3.75% on December 26, 2019, and paid it off February 21, 2021. How much did he pay in interest? (Assume ordinary interest and no leap year.) (Use Days in a year table.) (Do not round intermediate calculations. Round your answer to the nearest cent.)   My question now is how do I work a problem like this out? Gordon Rosel went to his bank to find out how long it will take for $2,600 to amount to $3,330 at 7% simple interest. Calculate the number of years. (Round time in years to the nearest tenth.) I need this number of years.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
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The answer to this question youll worked out was counted wrong but I have no idea why. 216.78 was not the correct answer.

Nolan Walker decided to buy a used snowmobile since his credit union was offering such low interest rates. He borrowed $5,000 at 3.75% on December 26, 2019, and paid it off February 21, 2021. How much did he pay in interest? (Assume ordinary interest and no leap year.) (Use Days in a year table.) (Do not round intermediate calculations. Round your answer to the nearest cent.)

 

My question now is how do I work a problem like this out?

Gordon Rosel went to his bank to find out how long it will take for $2,600 to amount to $3,330 at 7% simple interest. Calculate the number of years. (Round time in years to the nearest tenth.)

I need this number of years.

 

 
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