loan of $15 000 is taken out. If the interest rate on the loan is 7%, how much interest is due and what is the amount repaid if the loan was taken out on April 7 and is due in seven months

Question

নিচের অপশন গুলা দেখুন

• 14615.52
• 13615.52
• 15615.52
• 16615.52

Answer 1

সঠিক উত্তর হচ্ছে: 15615.52

ব্যাখ্যা:

I = prt = [15000 × 0.07 × (214/365) ]=615.52

Future value, S = P + I = $15 000 + $615.52 = $15 615.52