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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 8
Solve the following word problems. Round answers to the nearest cent when necessary.
Mike Drago took out a loan for $3,500 at the Gold Coast Bank for 270 days. If the bank uses the ordinary interest method, what rate of interest was charged the amount of interest was $269 Round your answer to the nearest tenth of a percent
Mike Drago took out a loan for $3,500 at the Gold Coast Bank for 270 days. If the bank uses the ordinary interest method, what rate of interest was charged the amount of interest was $269 Round your answer to the nearest tenth of a percent
Explanation
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To find the rate of interest for a loan ...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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