Question 4 of 10, Step 1 of 1 Correct
How much simple interest would be paid on a loan of $10,140 at 8 % for 5 months? Round your answer to nearest cent. assume 360 days in a year 30 days in a month

338

Step-by-step explanation:

10,140x.08=811.20 annual interest

811.20/360 x 150(5 months)=338

the answer is:

the answer is:

to solve the problem, we need to remember the quotient of power property, it's defined by the following relation:

if we have a quotienf of powers that have the same base, we need to keep the same base and subtract the exponent of the denominator power to the exponent of the numerator power.

so, we are given the expression:

then, calculating we have:

hence, the answer is:

have a nice day!