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Home Q & A Board Science-Related Homework Help Mathematics
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nyah95 nyah95
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A year ago
In each problem, (1) compute the actual exact interest (365-day year) and (2) estimate the interest by rounding the principal to the nearest hundred dollars. For each estimate, assume that a year has 360 days and use the given suggestion to create a shortcut.

  
Actual
 
  
Exact
Estimated
 Principal, Rate, and Time
Interest
Interest
a.$2,500 at 12% for 62 days
__________
__________
   
(let T = 60 days)
b.$17,765 at 6.1% for 240 days
__________
__________
   
(let I = 6%)
c.$1,225 at 12% for 29 days
__________
__________
   
(let T = 30 days)
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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ggyxxcoolggyxxcool
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A year ago
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nyah95 Author
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A year ago
Thanks for your help!!
Fleury
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Yesterday
Brilliant ツ
logbi
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2 hours ago
You make an excellent tutor!
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