Seudónimo Seudónimo

25-09-2021
Mathematics

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Carol Miller went to Europe and forgot to pay her $740 mortgage payment on her New Hampshire ski house. For her 59 days overdue on her payment, the bank charged her a penalty of $15. What was the rate of interest charged by the bank?

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natcavi2023 natcavi2023

25-09-2021

Answer:

Interest charged - 17.06

Explanation:

R = $16

= 17.07%

$750 × 45

360

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