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Hitman42 [59]
2 years ago
15

A print shop borrows $6700 from a credit union for 338 days the credit union charges simple interest at an annual rate of 10% fo

r this loan assum each day is 1/365 of a year
Mathematics
1 answer:
bekas [8.4K]2 years ago
3 0

Answer:

The total he would have to pay back would be $7,320.44

Step-by-step explanation:

(I'm assuming you want the total amount he needs to pay back)

6700 x 0.10 = 670 per year

670 ÷ 365 = 1.835616438356164

1.835616438356164 × 338 = 620.44

620.44 + 6700 = 7,320.44

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