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Hillier Hillier
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Posts: 550
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6 years ago
Compute the amount of interest on $875.00 at 11.5% p.a. from May 29, 2013 to August 13, 2013.
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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wrote...
6 years ago
P = 875.00; r = 0.115
Time period May 29, 2013, to August 13, 2013 = 225 - 149 = 76 days
I = (875)(0.115)  = $20.95
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