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Lada Lada
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Posts: 357
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6 years ago
What rate of interest is required for $940.48 to earn $42.49 interest from September 30, 2013, to March 4, 2014?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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Replies
wrote...
6 years ago
Number of days = 1 + 30 + 31 + 31 + 29 + 3 = 125
I = 42.49; P = 940.48; t = 
r =   = 13.19%
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