MAT119 M5WA5 ANSWERS

.  $35,000 at 6% for 9 months



Simple interest is $1575.

 

4.  $1875 at 5.3% for 7 months



Simple interest is $57.97

 

8.  $8940 at 9%; loan made on May 7 and it is due September 19

 

(31−7) + 30 + 31 + 31 + 19 = 135 days
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