To finance the purchase of several new cars ,the Lincoln car rental agency borrowed $ 110 000 for 9 months at an annual interest rate of 5%

Question

To finance the purchase of several new cars ,the Lincoln car rental agency borrowed $ 110 000 for 9 months at an annual interest rate of 5% . What is the simple interest due on the loan?​

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Ladonna 5 years 2021-08-11T22:54:07+00:00 2 Answers 17 views 0

Answers ( )

  1. Giakhanh
    0
    2021-08-11T22:55:46+00:00
    Reply

    Answer: 4125

    Step-by-step explanation:

    S.I = P X R /100 X T

    S.I = 110000 x 5/100 x 9/12 = 4125

    = 4125

  2. RobertKer
    0
    2021-08-11T22:55:48+00:00
    Reply

    Answer:

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