Mario used their line of credit to pay some vendor invoices that offered them a 1% cash discount. The annual interest rate on their line of credit is 9%. If they used $9,000 of their line of credit to pay the vendor invoices, how much interest would they pay on their line of credit, if they repaid the balance in two months?

Answer rating: 100% (QA)

To calculate the interest Mario would pay on their line of credit for using 9000 to pay vendor invoi... View the full answer