On what date was a $1000 loan granted if the interest accrued as at November 16, 2011,

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On what date was a $1000 loan granted if the interest accrued as at November 16, 2011, was $50.05? The interest rate on the loan was 7 1/4 %.

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:01 AM

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On what date was a $1000 loan granted if the interest accrued as at November 16, 2011, was $50.05? The interest rate on the loan was 7 1/4 %.
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On what date was a $1000 loan granted if the interest accrued as at November 16, 2011,

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Term Year 0690345 365 days 2...View the full answer

Business Mathematics In Canada

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