The calculation uses the accumulated daily balance method (ADB).
We assume the statement is based on calendar month (rare!).
George owes $500 from beginning to end of June, so 30 days out of 30.
Interest accrued is 500*0.013*30/30=$6.50.
He also owes $2000 from June 12 to June 30, so 19 days inclusively.
Interest accrued is $2000*.013*(19/30)=16.47
Total interest at the end of the month=$6.50+$16.47=$22.97
Answer:
2
Step-by-step explanation:
because i said 2
0.4 least 38% is next then 5/8 is the greatest
Answer:
2990.54
Step-by-step explanation:
The answer would be 2990.54.
