On October 5, Tristan Sandino borrowed $7,500 to buy an English bulldog.  The loan carried a rate of 5% and Tristan agreed to pay a maximum of $315 in interest.  What is the maturity date of this loan?  Assume a 365-day year.  Express your answer as month and day.

Answer rating: 100% (QA)

To find the maturity date of the loan we can use the formula for simple interest Simple Interest I P... View the full answer