Your company was charged $38.73 interest on an overdue amount of $6,575 that was 20 days overdue. What simple rate of in

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899604
Joined: Mon Aug 02, 2021 8:13 am

Your company was charged $38.73 interest on an overdue amount of $6,575 that was 20 days overdue. What simple rate of in

Post by answerhappygod »

Your Company Was Charged 38 73 Interest On An Overdue Amount Of 6 575 That Was 20 Days Overdue What Simple Rate Of In 1
Your Company Was Charged 38 73 Interest On An Overdue Amount Of 6 575 That Was 20 Days Overdue What Simple Rate Of In 1 (29.55 KiB) Viewed 42 times
Your company was charged $38.73 interest on an overdue amount of $6,575 that was 20 days overdue. What simple rate of interest does this represent? Express your answer as an annual percentage rate rounded to two decimal places. Do not include symbols in your answer (i.e. % sign). Your Answer: Answer
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”