The scholarship board of a certain college loaned a student 200 at an annual rate of 6% from September 30 until December 15. To repay the loan and accumulated interest the student must give the college.
Loan Repayment = Loan Amount + Interest Loan = P 200, r = 6%, t = 75 days (September 30 to Decenber 15), I = ? I = Prt I = 200 × 6 100 × 75 360 I = 2 × 6 × 75 360 = 2.5 Loan Repayment = 200 + 2.5 = 202.5
Loan Repayment = Loan Amount + Interest
Loan = P 200, r = 6%, t = 75 days (September 30 to Decenber 15), I = ?
I = Prt
I = 200 × 6 100 × 75 360
I = 2 × 6 × 75 360 = 2.5
Loan Repayment = 200 + 2.5 = 202.5
1297 MCQ for effective preparation of the test of Interest of Word Problems section.
Read the MCQ statement: The scholarship board of a certain college loaned a student 200 at an annual rate of 6% from September 30 until December 15. To repay the loan and acc .... give the college. , keenly and apply the method you have learn through the video lessons for Interest to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 229-12996.