posted by .

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

• Business Math -

I = PRT

12 = P * 0.09 * 0.1753

12 = 0.01578P

12/0.01578 = P

\$760.46 = P

## Similar Questions

1. ### Intrest problem

Abe Wolf bought a new kitchen set at sears. Abe paid off the loan after 60 days with an intrest change of 9 dollars. If sears charges 10% interest, what did Abe pay for the Kitchen set Assume 360 days
2. ### business math

abe wolf brought a new kitchen set at sears. abe paid off the loan after 60 days with as interest of \$9. if sears charges 8% interest. What dis abe pay for the kitchen set (assume 360 days)
3. ### Math

A Sears Relvolving charge card has a monthly rate of 1.75%, the interest is a minimum of \$.50 if the average daily balance is \$28.50 less. Explain how this poilicy is beneficial to Sears.
4. ### Algebra

Abe and Sal left at the same time. They traveled in opposite directions. Sal traveled 50mph faster than Abe. After four hours, they were 400 miles apart. Find Abe's speed.
5. ### Finance

Abe is an entrepreneur who likes to be actively involved in his business ventures. He is going to invest \$500,000 in a business that he projects will produce a tax loss of approximately \$100,000 per year in the short run. However, …
6. ### business mat

Abe Wolf bought a new kitchen set at Sears. Abe paid off the loan after 60 days with an interest charge of \$9. If Sears charges 10% interest. What did Abe pay for the kitchen set?
7. ### business Math

Abe Wolf bought a new kitchen set at Sears. Abe paid off the loan after 60 days with an interest charge of \$9. If Sears charges 10% interest. What did Abe pay for the kitchen set?
8. ### Math

You borrow \$3200 to buy new kitchen appliances. The simple interest rate is 5%. You pay the loan off after 4 years. What is the total amount you paid for the loan?
9. ### physics

The hood ornament of Abe's car is shaped like a ring 0.06m in diameter. Abe is driving toward the west so that the earth's 5.0x10^-5 T field provides no flux through the hood ornament. What is the induced voltage in the metal ring …
10. ### physics

The hood ornament of Abe's car is shaped like a ring 0.06m in diameter. Abe is driving toward the west so that the earth's 5.0x10^-5 T field provides no flux through the hood ornament. What is the induced voltage in the metal ring …

More Similar Questions