Court Manufacturing Company borrowed $875,000 on March 3 to purchase a shipment of steel. The interest rate was 10.6% using the ordinary interest method. The amount of interest was $18,550. For how many days was the loan?

Question

Quizplus · Accepted Answer

The Answer of Court Manufacturing Company borrowed $875,000 on March 3 to purchase a shipment of steel. The interest rate was 10.6% using the ordinary interest method. The amount of interest was $18,550. For how many days was the loan?

Court Manufacturing Company Borrowed $875,000 on March 3 to Purchase