The Acme Pie Company received an initial advance of $8,700 on its operating line on June 3rd. The simple interest rate on the account was initially 5.80% and increased to 6.12% on June 20th. How much interest was owing on the account at the end of the month (June 30th)? Round your answer to two decimal places, but don't include the $ sign.

Answer rating: 100% (QA)

ANS WER 2 million EX PL AN ATION The total value ... View the full answer