Chat with AI
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 193
Use the formula I = PRT , where I = interest in dollars, P = principal or loan amount, R = interest rate written as a decimal, and T = time in years.
AUTO PARTS STARTUP Terry Twitty made a $22,000 loan so that Melissa Graves could start an auto parts business. The loan was for 2 years, and interest was $5720. Find the rate of interest.
AUTO PARTS STARTUP Terry Twitty made a $22,000 loan so that Melissa Graves could start an auto parts business. The loan was for 2 years, and interest was $5720. Find the rate of interest.
Explanation
Verified
Verified
Given, an interest of $5720 was earned o...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
