kearabetswenkashe00 kearabetswenkashe00
  • 06-03-2024
  • Mathematics
contestada

An amount OF R4 317, 26 was borrowed on os May at a simple interest rate OF 15% per year. The loan will be worth R 4500 on which date and month?​

Respuesta :

bothmaa1966 bothmaa1966
  • 06-03-2024

Answer:

Step-by-step explanation:

Since there are 12 months in a year, we can convert this into months:

0.282 years ×12

months/year ≈ 3.384  months

0.282 years×12 months/year≈3.384 months

Since it's not a full month, we round up to the next whole month.

Thus, the loan will be worth R4500 approximately 3 months and a few days after May. So, we can say it will be worth R4500 around August.

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