The problem is:
If you paid $30 to a loan company for the use of $1000 for 60 days, what annual rate of interest did they change?
The problem is:
If you paid $30 to a loan company for the use of $1000 for 60 days, what annual rate of interest did they change?
Extend that to the interest over 360 days...then calculate the rate.
I'm just an imagination of your figment !
Extend it to 360 days, does that mean i divide 360 by 60? Which is 6. Then multiply 6 by 1000 to get 6 thousand? Am I on any certain track?
Please help ive had 3 surgeries in the last month and ive missed a lot of class because of it i had my jaw re-aligned and an infected pilonidal cyst removed im trying so hard to catch up but i dont understand and i have a test tomorrow
Originally Posted by Mattdawson75
“... mathematics is only the art of saying the same thing in different words” - B. Russell
Thank you both for your help!! I'm gonna keep trying!!
Bookmarks