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Home Q & A Board Science-Related Homework Help Mathematics
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becky28 becky28
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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. Round answers to the nearest cent.

  
Actual
 
  
Exact
Estimated
 Principal, Rate, and Time
Interest
Interest
a.$3,600 at 8.12% for 45 days
__________
__________
   
(let I = 8%)
b.$2,515 at 8% for 91 days
__________
__________
   
(let T = 90 days)
c.$3,280 at 11.8% for 60 days
__________
__________
   
(let I = 12%)
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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itnow96itnow96
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A year ago
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becky28 Author
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A year ago
Good timing, thanks!
einstein
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Yesterday
This site is awesome
novae
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2 hours ago
Thanks
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