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Word Problem 10-14 [LU 10-1 (2)] Diane Van Os decided to buy a used snowmobile since her credit union was offering such low interest rates.
Word Problem 10-14 [LU 10-1 (2)] Diane Van Os decided to buy a used snowmobile since her credit union was offering such low interest rates. She borrowed $4,600 at 3.25% on December 26, 2013, and paid it off February 21, 2015. How much did she pay in interest? (Assume ordinary interest.) (Use Days in a year table.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Interest paid $ TABLE 7.1 7.1 Exac Exact days-in-a-year calendar (excluding leap year)* 31 Day of month Dec. 31 Jan i 2 3 4 28 31 30 Feb Mar Apr 32 60 91 33 61 92 34 62 93 3563 - 94 3130 May June 21 152 122 153 123 154 124 155 125 156 31 July 1 82 183 184 185 31 Aug. 213 214 215 216 30 Sept. 244 245 246 247 31 Oct. 274 275 276 277 . 158 188 219 250 280 97 98 127 128 282 283 100 130 161 253 191 192 254 284 73 104 75 106 136 290 78 109 139 292 295 81 112 142 82113143 84 85 86 87 88 89 90 115 116 117 118 119 120 - 145 146 147 148 149 150 151 1 77 178 179 180 181 - 207 208 209 210 211 212 239 240 241 242 243 271 272 273 - 3 01 302 303 304 3 32 333 334 *Often referred to as a Julian calendar
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