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Melody Diaper Service is a local company that launders and delivers baby diapers. They need to ...
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Melody Diaper Service is a local company that launders and delivers baby diapers. They need to ...
Melody Diaper Service is a local company that launders and delivers baby diapers. They need to borrow $6,200 to buy some new washing and drying equipment. Their loan is for 180 days at 8% exact simple interest. Compute the interest that Melody will need to pay for this loan. (Use a 365-day year.)
Textbook
Contemporary Business Mathematics for Colleges
Edition:
16
th
Authors:
Deitz, Southam
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$6,200
´
0.08
´
180/365 = $244.60
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