Mathematics, 05.11.2020 23:20 loudermilkb117
A man borrowed $3,800 from a bank for 3 months. A friend was a co-signer of the mans personal note. The bank collected 8 1/2% simple interest on the date of maturity.
A) how much did the man pay for the use of the money?
B) determine the amount he repaid to the bank on the due date of the note
Answers: 1
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A man borrowed $3,800 from a bank for 3 months. A friend was a co-signer of the mans personal note....
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