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Katseye Katseye
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2 weeks ago
Willie White borrowed $2,485 for 105 days at 8% exact simple interest (365-day year). Compute the total amount that Willie must repay at the end of the loan period.
Textbook 

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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catdastercatdaster
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More solutions for this book are available here
I = PRT = $2,485 ´ 0.08 ´ 105/365 = $57.19; $2,485 + $57.19 = $2,542.19

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Katseye Author
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2 weeks ago
Smart ... Thanks!
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Yesterday
Thanks for your help!!
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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