Question
Nolan Walker decided to buy a used snowmobile since his credit union was offering such low interest rates. He borrowed $4,300 at 3.75% on December
Nolan Walker decided to buy a used snowmobile since his credit union was offering such low interest rates. He borrowed $4,300 at 3.75% on December 26, 2019, and paid it off February 21, 2021. How much did he pay in interest? (Assume ordinary interest and no leap year.) (Use Days in a year table.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Interest paid TABLE 7-1 Exact days-in-a-year calander jescluding leap year) Day of month 31 28 31 30 31 30 31 31 30 31 30 31 Jan. Feb. Mar Apr. May June July Aug. Sept. Oct. Nov Dec. 1 32 60 91 121 152 182 213 244 274 305 335 2 2 33 61 92 122 153 183 214 245 275 306 336 3 3 62 93 123 154 184 215 246 276 307 337 4 35 63 04 124 155 185 216 247 277 308 338 36 64 95 125 156 106 217 248 278 309 339 6 37 65 96 126 157 187 218 249 279 310 340 7 7 38 66 97 127 158 188 219 250 280 311 341 8 B 39 67 98 128 159 180 220 251 281 312 342 9 9 40 10 10 41 01 11 42 12 12 13 13 48 14 14 45 15 15 46 16 16 17 17 10 18 49 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 2 29 29 30 21 31 3 5 9 9 3 9 9 9 80338338111 68 129 160 190 221 252 282 313 343 69 100 130 161 191 222 253 283 314 344 70 301 195 162 192 223 254 284 315 345 43 71 102 132 163 193 224 255 285 316 346 12 103 133 164 194 225 256 286 317 317 73 74 41 75 48 (76 3889 104 134 165 195 226 257 267 318 348 135 166 100 227 258 288 319 349 136 167 197 228 259 289 330 350 107 137 168 198 229 200 290 321 351 77 108 138 169 199 230 261 291 322 352 50 78 100 139 170 200 201 262 292 323 353 79 110 140 171 201 232 263 293 374 354 NO 111 141 172 202 213 264 294 365 53 81 112 142 173 200 234 266 296 326 356 54 112 113 143 174 204 2351 206 296 327 357 83 114 144 175 205 236 267 297 328 9 34 115 145 176 206 237 268 290 320 309 57 85 116 146 177 202 238 209 299 330 300 58 86 117 147 178 200 229 270 300 321 361 50 87 158 14 179 20 040 271 301 332 362 828 110 149 180 210 241 272 302 333 363 120 150 211 242 273 303 334 364 90 151 212 23 304 365
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