Ask Question
7 June, 22:35

Given an interest of $11,900 at 6% for 50 days (ordinary interest) calculate the principal

+3
Answers (1)
  1. 7 June, 23:01
    0
    I = Prt

    I = (11900) (0.06) (0.14) = 99.96

    50 days needs to be converted to years, so do 50/365 to get 0.14. That's your amount in years.

    So, your interest is $99.96
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Given an interest of $11,900 at 6% for 50 days (ordinary interest) calculate the principal ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers