Solve the following. You are the accountant for Peel Credit Union. The lawyer for a member has

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Solve the following.

You are the accountant for Peel Credit Union. The lawyer for a member has sent a cheque for $7345.64 in full settlement of the member’s loan balance including interest at 6.25% for 11 months. How much of the payment is interest?

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

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

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