Question
If Stupo borrows the amount shown below for the duration shown, and instead of paying off the amount agreed upon when due decides to keep
If Stupo borrows the amount shown below for the duration shown, and instead of paying off the amount agreed upon when due decides to keep the money for a year, how much will he have to pay on the same terms?
Amount borrowed | $1,500 |
Amount to be returned | $2,000 |
Days between borrowing & returning | 15 |
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Engineering Economy
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
15th edition
132554909, 978-0132554909
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