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.

3 Answers

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  • 3 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.

  • 3 months ago

    Interest

    15000 * (90/360) * .05

    $187.50 <–––––––

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

    Total

    15000 + 187.50

    $15187.50 <––––––

  • Anonymous
    3 months ago

    After 90 days $150 would be due. Repayment would therefore be $15,150.00

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