Raimo borrowed $750 from Chris on October 30 and agreed to repay the debt with simple interest

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Raimo borrowed $750 from Chris on October 30 and agreed to repay the debt with simple interest at the rate of 12.3% on May 10. How much interest was owed on May 10? Assume that February has 28 days.

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:05 AM

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Raimo borrowed $750 from Chris on October 30 and agreed to repay the debt with simple interest

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Number of days May 10 Octobe...View the full answer

Business Mathematics In Canada

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