Shella borrowed $3,000 at 12 1/4 % on September 10. The loan is due on...

80.2K

Verified Solution

Question

Accounting

Shella borrowed $3,000 at 12 1/4 % on September 10. The loan is due on January 29. Assuming the loan is based on ordinary interest, how much will Shella pay on January 29th ? Show the work

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students