The exact interest on a loan of P3728 at 7.4% annual simple interest for 95 days is Round your answer to 2 decimal places.

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter7: Using Consumer Loans
Section: Chapter Questions
Problem 7FPE: Calculating interest and APR of installment loan. Assuming that interest is the only finance charge,...
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The exact interest on a loan of $3728 at 7.4% annual simple interest for 95 days is
Round your answer to 2 decimal places.
Transcribed Image Text:The exact interest on a loan of $3728 at 7.4% annual simple interest for 95 days is Round your answer to 2 decimal places.
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