SOLUTION: ABE WOLF BOUGHT A NEW KITCHEN SET AT SEARS. ABE PAID OFF THE LOAN AFTER 60 DAYS WITH AN INTERST CHARGE OF $9. IF SEARS CHARGES 10% INTEREST, WHAT DID ABE PAY FOR THE KITCHEN SET

SOLUTION: ABE WOLF BOUGHT A NEW KITCHEN SET AT SEARS. ABE PAID OFF THE LOAN AFTER 60 DAYS WITH AN INTERST CHARGE OF $9. IF SEARS CHARGES 10% INTEREST, WHAT DID ABE PAY FOR THE KITCHEN SET

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Question 143256: ABE WOLF BOUGHT A NEW KITCHEN SET AT SEARS. ABE PAID OFF THE LOAN AFTER 60 DAYS WITH AN INTERST CHARGE OF $9. IF SEARS CHARGES 10% INTEREST, WHAT DID ABE PAY FOR THE KITCHEN SET (ASSUME 360 DAYS).
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Question: On what period does Sears charge 10% interest?
yearly, quarterly, monthly, other?
==============
Cheers,
Stan H.
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