Ask Question
23 November, 17:04

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?

+2
Answers (1)
  1. 23 November, 17:22
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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? ...” 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