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.)
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter1: Expressions And Functions
Section1.5: Descriptive Modeling And Accuracy
Problem 1AGP
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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