
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 49
Find the time in following round to the nearest day(See Example.)
Finding Time in Days Given Principal and Rate
Roberta Sanchez deposited $18,600 in an account paying 3, and she earned $217 in interest. Find the number of days that the deposit earned interest.
SOLUTION
The money was on deposit for 140 days.
Use parentheses around the denominator of the fraction to make sure that the calculations are done in the correct order.

Finding Time in Days Given Principal and Rate
Roberta Sanchez deposited $18,600 in an account paying 3, and she earned $217 in interest. Find the number of days that the deposit earned interest.

SOLUTION

The money was on deposit for 140 days.
Use parentheses around the denominator of the fraction to make sure that the calculations are done in the correct order.


Explanation
The following information is g...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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