Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A loan of $3,300 at 6.75% simple interest was made on March 12. On what date was it repaid if the interest cost was $153.18
A loan of $3,300 at 6.75% simple interest was made on March 12. On what date was it repaid if the interest cost was $153.18 (Use 365 days a year. Do not round intermediate calculations. Round your answer to the nearest days.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started