Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the simple interest formula, determine the number of days until $2361.00 will earn $46.57 interest at 331% p.a. The number of days required is

image text in transcribed
Using the simple interest formula, determine the number of days until $2361.00 will earn $46.57 interest at 331% p.a. The number of days required is (Round up the final answer to the nearest day as needed. Round all intermediate values to six decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Investment Management

Authors: Geoffrey Hirt, Stanley Block

10th edition

0078034620, 978-0078034626

More Books

Students also viewed these Finance questions

Question

=+ 8. What are your shoeleather costs of going to the bank?

Answered: 1 week ago

Question

What is Aufbau's rule explain with example?

Answered: 1 week ago