Dov borrowed $875 against his charge account on September 12 and repaid the loan on October 14

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Dov borrowed $875 against his charge account on September 12 and repaid the loan on October 14 (32 days later). Assume that the interest rate is 0.04273% per day.

a) How much interest did Dov pay on the loan?

b) What amount did he pay the bank when he repaid the loan?

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A Survey Of Mathematics With Applications

ISBN: 9780135740460

11th Edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Question Posted: Jan 13, 2021 04:21 AM

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Dov borrowed $875 against his charge account on September 12 and repaid the loan on October 14

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A Survey Of Mathematics With Applications

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