Question
Raimo borrowed $920 from Chris on October 28 and agreed to repay the debt with simple interest at the rate of 3.6% on May 16.
Raimo borrowed $920 from Chris on October 28 and agreed to repay the debt with simple interest at the rate of 3.6% on May 16. How much interest was owed on May 16? Assume February 28 days. Round answer to the nearest cent.
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Investing In Financial Research A Decision Making System For Better Results
Authors: Cheryl Strauss Einhorn, Tony Blair
1st Edition
1501732757, 9781501732751
