Travis Thompson uses his credit card to obtain a cash advance of $600 to pay for his textbooks in medical school. The interest rate charged for the loan is 0.045580.04558% per day. Travis repays the money plus the interest after 2323 days. a) Determine the interest charged for the cash advance. b) When he repaid the loan, how much did he pay the credit card company? Question content area bottom Part 1 Interest chargedalmost equals≈$enter your response here (Round to the nearest cent.)
Travis Thompson uses his credit card to obtain a cash advance of $600 to pay for his textbooks in medical school. The interest rate charged for the loan is 0.045580.04558% per day. Travis repays the money plus the interest after 2323 days. a) Determine the interest charged for the cash advance. b) When he repaid the loan, how much did he pay the credit card company? Question content area bottom Part 1 Interest chargedalmost equals≈$enter your response here (Round to the nearest cent.)
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.43TI: Sean’s new car loan statement said he would pay $4,866.25 in interest from an interest rate of 8.5%...
Related questions
Question
Travis Thompson uses his credit card to obtain a cash advance of $600 to pay for his textbooks in medical school. The interest rate charged for the loan is
0.045580.04558%
per day. Travis repays the money plus the interest after
2323
days.a) Determine the interest charged for the cash advance.
b) When he repaid the loan, how much did he pay the credit card company?
Question content area bottom
Part 1
Interest
chargedalmost equals≈$enter your response here
(Round to the nearest cent.)
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