steph1abbi steph1abbi

03-07-2020
Business

contestada

You have a chance to lend $6,500 at 5.25% interest for 95 days. If you charge ordinary interest, how much will you earn?

Respuesta :

abryan037 abryan037

03-07-2020

Answer:

you would earn $88.82

Explanation:

regular interest rates go annually making the number seem like it would be higher but since its only for 95 days you don't earn all that much and just incase -6,500 + 6588.82 = 88.82.

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