Solved

Carry the Answer to Two Decimal Places

Question 12

Short Answer

Carry the answer to two decimal places. A contractors note, given 2 years 9 months ago for $856.25 and bearing an 8% interest rate per annum, is paid in full. What is the total amount of interest charged? Round to the correct cent.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents