Gladys received a loan of $700 from her aunt to purchase a new bike. She had to

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Gladys received a loan of $700 from her aunt to purchase a new bike. She had to repay the loan in 45 days at a simple interest rate of 7% p.a. Calculate the total amount she would have had to repay her aunt and the interest charged at the end of the time period.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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