Draw the cashflow diagram of the given problem below. Include its inflow and outflow. The tag price of a certain commodity is for 100 days. If paid in 31 days, there is a 3% discount. What is the simple interest paid?
Draw the cashflow diagram of the given problem below. Include its inflow and outflow. The tag price of a certain commodity is for 100 days. If paid in 31 days, there is a 3% discount. What is the simple interest paid?
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
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Draw the cashflow diagram of the given problem below. Include its inflow and outflow.
The tag price of a certain commodity is for 100 days. If paid in 31 days, there is a 3% discount. What is the simple interest paid?
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