Question 8 (1 point) Listen Peter borrowed $4,000 on January 2nd. The simple interest rate...
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Question 8 (1 point) Listen Peter borrowed $4,000 on January 2nd. The simple interest rate charged on his loan was initially 6.75% and increased to 7.00% on January 15th. His bank charges interest at the end of each month. Calculate the missing values from the table below. Time Period Days Interest Rate Interest Amount Jan 2. Jan 15 13 6.75% Jan 15 - Jan 31 16 7,00% B Total Interest Due: Place the value for A in the first box, B in the second and in the third Round your answers to 2 decimal places > > A
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