Carlos takes out a loan for $10,400, at 8% ordinary interest. If the amount of interest is

Fantastic news! We've Found the answer you've been seeking!

Question:

Carlos takes out a loan for $10,400, at 8% ordinary interest. If the amount of interest is $249.60, what is the time period (in days) of the loan? Round any fraction to the next higher day.

Related Book For answer-question

Probability and Statistics for Engineering and the Sciences

ISBN: 978-1305251809

9th edition

Authors: Jay L. Devore

See More Books

Posted Date: Mar 25, 2022 06:27 AM

See More Questions

If the amount of soft drink that I consume on any given day is independent of consumption on any other day and is normally distributed with = 13 oz and = 2 and if I currently have two six-packs of...
If the amount of capital that a company has at time is f(t), then the derivative, f(t), is called the net investment flow. Suppose that the net investment flow is t million dollars per year (where is...
If the amount of goods available for sale is $123,000, the amount of sales is $130,000, and the gross margin is 25 percent of sales, what is the amount of ending inventory ?
1. a. b. C. d. e. MULTIPLE CHOICE The ratio percentage of earnings retained is the same as that termed: dividend yield dividend payout 2. a. b. C. d. e. UIBS C. d. e. 4. a. b. C. d. e. Class Work 1...
Judy Eibel is the personnel manager at Smart, Inc. She has analyzed her applicant interview process for the last two weeks and has found she consistently performs the following activities. (a) Reads...
A key feature of estuaries is a. Low light conditions and high productivity b. Salt water and fresh water c. Frequent algal blooms d. Little or no vegetation
Calculate $r$ for the temperatures and tearing strengths of Exercise 11.3. Assuming that the necessary assumptions can be met, test the null hypothesis $ho=0.60$ against the alternative...
Loren Inc. manufactures products that pass through two or more processes. During April, equivalent units were computed using the FIFO method: Units started and completed 4,600 Units in BWIP Fraction...
The three-part axially loaded member in Fig. P2.2-6 consists of a tubular segment (1) with outer diameter (do)1 1.00 in. and inner diameter (di)1 0.75 in., a solid circular rod segment (2) with...
Lily Zhang started a new business on January 1, 2017, called Zhang Consulting. She develops financial investment plans for young adults. During the businesss first year of operations, the following...
Solve the equations using the quadratic formula 12x+5x-2=0 Are the roots equal or unequal? Are the roots rational or irrational? c. Are the roots real or non-real? 2. 3x+6x+1=0 a. Are the roots...
Entity F is involved in the generation and distribution of electricity. Management are reviewing all of its assets for impairment as a result of a fall in the market price of electricity. One of...
In responding faster to customers needs, where might the cost savings come from? What benefits would result?
. Evaluate briefly the effectiveness of monitoring auditors performance in the United Kingdom.
The short-run production function for a manufacturer of wireless earbuds is shown in the table below. Based on this information, answer the following questions. a. Calculate the average product at...
Entity B is a water and sewage company with a country wide water and sewage network. Although entity B is a listed company, the government is the controlling shareholder. Management have asked the...
13. AN aircraft fittings use flare cones that are OA. 70 degrees. B. 45 degrees. OC. 55 degrees. O D. 37 degrees. Mark for review (Will be highlighted on the review page)
r = 0.18 Find the coefficients of determination and non-determination and explain the meaning of each.
Let denote the true pH of a chemical compound. A sequence of n independent sample pH determinations will be made. Suppose each sample pH is a random variable with expected value and standard...
The study reported in "Gait Patterns During Free Choice Ladder Ascents" (Human Movement Sci., 1983: 187-195) was motivated by publicity concerning the increased accident rate for individuals climbing...
Reconsider the data of Example 9.6, and calculate a 95% upper confidence bound for the ratio of the standard deviation of the triacetate porosity distribution to that of the cotton porosity...
The power spent in suction and exhaust strokes are known as: (a) Brake horse power (b) Indicated horse power (c) Pumping power (d) None of the above
The difference of total power produced and pumping power is known as: (a) Brake horse power (b) Indicated horse power (c) Net indicated horse power (d) None of the above
In an Otto cycle, air at 1 bar and $300 \mathrm{~K}$ is compressed isentropically until the pressure rises to 16 bar. The heat is added at constant volume until the pressure rises to 30 bar....

Carlos takes out a loan for $10,400, at 8% ordinary interest. If the amount of interest is

Question:

Expert Answer:

The number of days is computed as follows Interest am... View the full answer

Probability and Statistics for Engineering and the Sciences

Students also viewed these accounting questions