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For a few years, Karen Williamson and her sister have operated an office services company that ...

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For a few years, Karen Williamson and her sister have operated an office services company that ...

For a few years, Karen Williamson and her sister have operated an office services company that caters to local small businesses. Recently they got an opportunity to buy a used high-speed copy machine for $8,500 which they considered an excellent price. To make the purchase quickly, they agreed to pay $1,000 now and borrow $7,500 from the seller for 60 days at 9.5% exact simple interest. What is the total amount that they will need to repay the seller at the end of the 60 days? (Use a 365-day year.)

Textbook

Contemporary Business Mathematics for Colleges

Edition: 16^th

Authors: Deitz, Southam

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xueli

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More solutions for this book are available here

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florida1014 Author

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A year ago

I appreciate what you did here, answered it right Smiling Face with Open Mouth

jamesbove

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Thanks

Brownr40

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Good timing, thanks!

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