RMB Equipment charged interest at 2% p.a. on overdue accounts. An invoice for $21 000, plus interest,

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RMB Equipment charged interest at 2% p.a. on overdue accounts. An invoice for $21 000, plus interest, was paid 35 days past the due date. How much interest was paid?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

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Question Posted: Nov 29, 2017 06:44 AM

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RMB Equipment charged interest at 2% p.a. on overdue accounts. An invoice for $21 000, plus interest,

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When credit facility is allowed by a company they charge an interest on the amo...View the full answer

Contemporary Business Mathematics with Canadian Applications

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