Question

JME Technologies bought a new computer system. To pay for the system, they borrowed $46,000 at 6 1/3% for 155 days. Find the interest owed

Answer 1

33291:

Task. JME Technologies bought a new computer system. To pay for the system, they borrowed $46,000 at 6 1/3% for 155 days. Find the interest owed

Solution.

Interest owed $46000 * 6\frac{1}{3}\% = 46000 * \frac{19}{300} = 2913.333\ldots(\$)$