Question: Use the ordinary interest method to compute the time ( in days ) for the loan. Round your answer up to the next highest day

Use the ordinary interest method to compute the time (in days) for the loan. Round your answer up to the next highest day when necessary.
\table[[Principal,Rate (%),Time,Interest],[$7,600,10.4,] days,$221
 Use the ordinary interest method to compute the time (in days)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!