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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 39
In each of the following application problems, find principal to the nearest cent, rate to the nearest tenth of a percent, or time to the nearest day.
COMPUTER PURCHASE Shanghai Computers purchased 10 computers from a Chinese computer manufacturer. Shanghai paid the bill after 45 days, paying a finance charge of $150. If the Chinese company charges 10% interest, find (a) the cost of the 10 computers excluding the interest and (b) the cost per computer.
COMPUTER PURCHASE Shanghai Computers purchased 10 computers from a Chinese computer manufacturer. Shanghai paid the bill after 45 days, paying a finance charge of $150. If the Chinese company charges 10% interest, find (a) the cost of the 10 computers excluding the interest and (b) the cost per computer.
Explanation
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The following table is given 
Recall th...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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