Mathematics, 03.10.2021 19:50 garyyunga2002
A restaurant borrows $19,700 from a local bank for 4 months. The local bank charges simple interest at an annual rate of 2.45% for this loan. Assume each month is 112 of a year. Answer each part below.
(a)Find the interest that will be owed after 4 months.
(b)Assuming the restaurant doesn't make any payments, find the amount owed after 4 months.
Answers: 3
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A restaurant borrows $19,700 from a local bank for 4 months. The local bank charges simple interest...
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