Answered: The exact interest on a loan of P3728…

The exact interest on a loan of P3728 at 7.4% annual simple interest for 95 days is Round your answer to 2 decimal places.

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter7: Using Consumer Loans

Section: Chapter Questions

Problem 6FPE

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The exact interest on a loan of $3728 at 7.4% annual simple interest for 95 days is
Round your answer to 2 decimal places.

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