Top Posters
Since Sunday
21
o
6
d
6
A
5
H
5
n
4
t
4
d
4
p
4
r
4
s
4
C
3
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
sam3359 sam3359
wrote...
Go to Answer
Posts: 69
Rep: 0 0
2 weeks ago
An investor borrowed $10,000 to buy shares of stock of a chain of retail gift stores. The loan was for 120 days at 9% ordinary simple interest. Compute the interest that the investor will pay on the due date. (Use a 360-day year.)
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
Read 5 times
1 Reply
Replies
Answer verified by a subject expert
patriciakim08patriciakim08
wrote...
#1
Posts: 76
Rep: 0 0
2 weeks ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
$10,000 ´ 0.09 ´ 120/360 = $300
1

Related Topics

sam3359 Author
wrote...

2 weeks ago
Correct Slight Smile TY
aricketts6@
wrote...

Yesterday
You make an excellent tutor!
asd454512
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  247 People Browsing
 322 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 741
  
 565
  
 515