Business Math
posted by Anna .
Abe Wolf bought a new kitchen set at Sears. Abe paid off the loan after 64 days with an interest charge of $12. If Sears charges 9% interest.
What did Abe pay for the kitchen set (assume 360 days

I = PRT
12 = P * 0.09 * 0.1753
12 = 0.01578P
12/0.01578 = P
$760.46 = P
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