Homework Answers
Answer-
| S.NO. | PRINCIPAL | ANNUAL INTEREST RATE | TIME | TOTAL INTEREST |
| a | ($480/9%)*360 days/120 days =$16000 | 9% | 120 days | $480 |
| b | $31700 | 10% | 3 years | ($31700*10%)*3 years =$9510 |
| c | $68000 | ($1700/$68000)*12 months/5 months =6% | 5 months | $1700 |
| d | $66700 | 8% | 6 months | $2668 |
Explanation- d- Time = ($2668/$66700)*12 months/Time =8%
Time = 6 months
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