Bruce borrowed $6000 from Darryl on November 23. When Bruce repaid the loan, Darryl charged $203.22 interest.

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Bruce borrowed $6000 from Darryl on November 23. When Bruce repaid the loan, Darryl charged $203.22 interest. If the rate of simple interest on the loan was 10 ¾ %, on what date did Bruce repay the loan? Assume that February has 28 days.

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:07 AM

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Bruce borrowed $6000 from Darryl on November 23. When Bruce repaid the loan, Darryl charged $203.22 interest.

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Year 031507 365 days 115 days Serial number of repayme...View the full answer

Business Mathematics In Canada

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