What principal will earn $219.89 interest at 11.25% p.a. from November 16, 2013 to February 7, 2014?

Name: What principal will earn $219.89 interest at 11.25% p.a. from November 16, 2013 to February 7, 2014?
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

The Answer is I = 219.89; r = 0.1125
Time period November 16, 2013, to February 7, 2014 = 14 + 31 + 31 + 7 = 83 days
P = I = 219.89; r = 0.1125 Time period November 16, 2013, to February 7, 2014 = 14 + 31 + 31 + 7 = 83 days P = = $8595.43

= $8595.43

What Principal Will Earn $219