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Mathematics, 10.02.2020 06:01 alexandria3498
PLEASE HELP! I don't care about getting the answers, but rather a step-by-step explanation of this problem: A simple interest, 8-month loan of $3,000 has an annual interest rate of 9.3%. Determine the following values. (For the first answer blank, enter an exact number. For the second answer blank, enter a number. For the third answer blank, enter an exact number as an integer, fraction, or decimal.)
P = $
r =
t =
Find the amount of interest paid (in dollars) on this loan. (Enter an exact number.)
I = $
Calculate the maturity value (in dollars) of this loan. (Enter an exact number.)
$
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Answers: 2
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