Homework Help: business math

Posted by tony on Sunday, November 20, 2011 at 3:38pm.

Matty Kaminsky owns a new Volvo. His June monthly interest was $400. The rate is 8 ½ percent. Matty's principal balance at the beginning of June is: (Use 360 days)

business math - Mayhah, Tuesday, November 22, 2011 at 2:21am
Let Matty's principle be $P

Px 8.2%/12= 400
Then solve for P

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