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Single payment loan. Principal $10,500.00 annual rate of interest 15%, time 123 days. What is the total repayment
amount?
A $10,500.00
B $11,000.00
C $11,038.13
D 12,000.00

Respuesta :

madethisfortwitch1

Answer:

B, 11000

Step-by-step explanation:

assuming a 365 day year...

[tex]10500*(1+.15)^{\frac{123}{365}}= 11006.35813[/tex]

which I guess is close enough to 11000

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