If you assume 360 days per year, the interest per day is just 1/360 of the annual interest. So, you will be charged
500.00 * 0.18/360 * 364
Good pm, please help me to my homework. Thank you
How to calculate an ordinary interest given a principal rate of 500,00 , at a rate of 18%, that will be due within 394 days? Find the ordinary interest
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