Question

PLEASE HELP MEEEEEEEE!!!!!!
Chris Shopper received a $1,500.00 discount loan to purchase a washer and dryer. The loan was offered at 15% for 120 days. Find the interest in dollars and the proceeds for the following problem.

The interest is $_______?

The proceeds are $_______?

Thanks!!!!!! :)

Answer 1

120 says is 1/3 of a year.

Interest = 1500 x 0.15 x 1/3 = $75

Proceeds = 1500 - 75 = $1425

Answer 2

Answer: Interest = 1500 x 0.15 x 1/3 = $75

Proceeds = 1500 - 75 = $1425

Step-by-step explanation:

Hope this helps:)