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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 154
Solve the following application problems using the United States Rule.
LANDSCAPING Andrew Raring borrowed $8900 from Citibank to landscape his yard. The 240-day note had an interest rate of 12% compounded annually. He repaid the note in 140 days with his income-tax refund. Find (a) the interest due and (b) the total amount due.
LANDSCAPING Andrew Raring borrowed $8900 from Citibank to landscape his yard. The 240-day note had an interest rate of 12% compounded annually. He repaid the note in 140 days with his income-tax refund. Find (a) the interest due and (b) the total amount due.
Explanation
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Since A. R. repaid the note in days, i...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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