An invoice states that interest will be charged on overdue accounts at the rate of 1 1/2
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An invoice states that interest will be charged on overdue accounts at the rate of 1 1/2 % per month. What will the interest charges be on a $3760 billing that is 3 months overdue?
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As in the above question nothing is specified regarding simple interest or compou...View the full answer
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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