Samantha borrowed $6,000 on March 4th. The simple interest rate charged on her loan was initially 6.25% and increased to 6.50% on March 10th. Her…
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Samantha borrowed $6,000 on March 4th. The simple interest rate charged on her loan wasinitially 6.25% and increased to 6.50% on March 10th. Her bank charges interest at the end ofeach month. Calculate the missing values from the table below. Time Period # Days Interest Rate Interest Amount Mar 4 – Mar 10 6 6.25% Mar 10 – Mar 31 21 6.50%Total Interest Due: Place the value for A in the first box, B in the second and C in the third. Round your answers to2 decimal places.
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