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bluewiss bluewiss
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2 weeks ago
Andrew Merrill, owns a mobile sandwich and pretzel stand. Andrew borrows $5,200 for 135 days at 9% ordinary simple interest. What total will Andrew need to repay for both interest and principal? (Use a 360-day year.)
Textbook 

Contemporary Business Mathematics for Colleges


Edition: 16th
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austsieraustsier
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More solutions for this book are available here
$5,200 ´ 0.09 ´ 135/360 = $175.50; $5,200 + $175.50 = $5,375.50

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bluewiss Author
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Smart ... Thanks!
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