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Mathematics, 30.09.2019 18:00 nutellangie

Keith wendell plans to borrow $5,810.
he has decided on a term of 95 days at 8% interest.
he has a choice of two lenders.
one calculates interest using a 360-day year and the other uses a 365-day year.
find the amount of interest wendell will save by using the lender with the 365-day year.

$1.54

$1.67

$1.63

$1.68

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Answers: 1

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Keith wendell plans to borrow $5,810.
he has decided on a term of 95 days at 8% interest.
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