George repaid a $14,500 loan with $655.48 in simple interest on April 28, 2019. If the simple
Question:
George repaid a $14,500 loan with $655.48 in simple interest on April 28, 2019. If the simple interest rate was 8.25% p.a., when did he receive the loan?
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
Question Posted: