2006-11-28 07:23:53 · 5 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
8% of $600 is $ 48, but this is the annual int., so divide $48/365. you get .1315068/int /day, multiplying this number by 45 days, your answer is $5.92 to the nearest penny.
2006-11-28 07:32:33 · answer #1 · answered by WC 7 · 1⤊ 0⤋
Impossible to answer. You are missing two critical information. 8% interest per what period and how often does it compound?
2006-11-28 15:26:33 · answer #2 · answered by tkquestion 7 · 0⤊ 0⤋
you have to know if the 8% is daily or monthly. if it is daily it is
$2160.00 monthly $72.00
2006-11-28 15:31:29 · answer #3 · answered by jimi 1 · 0⤊ 0⤋
you didn't state if it's simple or compound interest... :P
2006-11-28 15:26:12 · answer #4 · answered by Darien 3 · 0⤊ 0⤋
$7.89
2006-11-28 15:27:30 · answer #5 · answered by dwh12345 5 · 0⤊ 0⤋