SOLUTION: find the exact interst. use 365 days in a year, and use the exact number of days in a month. round to the nearest cent. 7940 at 14 1/2 percent for 66 days

Algebra ->  Finance -> SOLUTION: find the exact interst. use 365 days in a year, and use the exact number of days in a month. round to the nearest cent. 7940 at 14 1/2 percent for 66 days      Log On


   



Question 293345: find the exact interst. use 365 days in a year, and use the exact number of days in a month. round to the nearest cent.
7940 at 14 1/2 percent for 66 days

Answer by ankor@dixie-net.com(22740) About Me  (Show Source):
You can put this solution on YOUR website!
7940 at 14 1/2 percent for 66 days
:
.145 * 66%2F365 * 7940 = $208.18