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# math applied problem?

A company borrows $15,000 at 5% for 90 days. Find (a) the amount of interest due and (b) the total amount that must be paid after 90 days.

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- llafferLv 73 months ago
You've been asking the same types of questions multiple times in the last week, all of which missing information like "how is the interest compounded".

If that was known, we could give you a process and ALL of the questions can be done in the same method using the different numbers.

- MichaelLv 73 months ago
Interest

15000 * (90/360) * .05

$187.50 <–––––––

-----------------------

Total

15000 + 187.50

$15187.50 <––––––

- Anonymous3 months ago
After 90 days $150 would be due. Repayment would therefore be $15,150.00

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