OpenStudy (anonymous):

Kristi Yang borrowed $15,000. The term of the loan was 90 days, and the annual simple interest rate was 7.4%. Find the simple interest due on the loan.

4 years ago
OpenStudy (anonymous):

I have multiply like this 15000*7.4*90/365 in 3different calculators and is always different the answer

4 years ago
OpenStudy (anonymous):

I get that to be 273.70 (I usually don't answer these questions because I never know whether it should be 90/365 or 90/360)

4 years ago
OpenStudy (anonymous):

it is 90/365

4 years ago