Can someone explain how they got 3750 step by step i keep ge

Can someone explain how they got 37.50 step by step i keep getting 30.00

$2,000 × 0.06 × 90 / 360 $37.50

Solution

Dont worry. You\'re right.

There might be a mistake .

$30 is the correct answer

Principal = $2000

Rate = 6%

Time = 3 months

Interest = P x R x T

= 2000 x 6% x (90/360)

=$30

Can someone explain how they got 37.50 step by step i keep getting 30.00 $2,000 × 0.06 × 90 / 360 $37.50 SolutionDont worry. You\'re right. There might be a mis

Get Help Now

Submit a Take Down Notice

Tutor
Tutor: Dr Jack
Most rated tutor on our site