Rachel received a demand loan for $8284 from her bank on January 30, 2011 at 5.49% p.a. simple interest. On May 24, 2011, the interest rate on the loan changed to 6.94% p.a. and Rachel settled the loan on July 16, 2011. Calculate the total interest paid on the loan. Round to the nearest cent
Rachel received a demand loan for $8284 from her bank on January 30, 2011 at 5.49% p.a. simple interest. On May 24, 2011, the interest rate on the loan changed to 6.94% p.a. and Rachel settled the loan on July 16, 2011. Calculate the total interest paid on the loan. Round to the nearest cent
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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