<PRE><B>Question 138322</B>
Travis Thompson uses his credit card to obtain a cash advance of $600 to pay for his textbooks in medical school. 
The interest rate charged for the loan is 0.04205% per day. 
Travis repays the money plus the interest after 24 days. 
When he rapaid the loan, how much did he pay the credit card company? 
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Cost for 24 days = 600 + 24*0.0004205*600
Cost(24) = (1+24*0.0004205)600
Cost(24) = 1.010092*600 = $606.06
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Cheers,
Stan H.</PRE>