Janie Christopher lent $6000 to a friend for 90 days at 12%. After 30 days, she sold

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Janie Christopher lent $6000 to a friend for 90 days at 12%. After 30 days, she sold the note to a third party for $6000. What annual simple interest rate did the third party receive? Use 360 days in a year.

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 05:30 AM

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Janie Christopher lent $6000 to a friend for 90 days at 12%. After 30 days, she sold

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Mathematical Applications for the Management Life and Social Sciences

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