The Sandinos bought a new kitchen set at Sears. They paid off the loan after 60 days with an interest charge of $9.60. If Sears charges 8% interest. What did they pay for the kitchen set? (Use 360 days a year. Do not round intermediate calculations

The Sandinos bought a new kitchen set at Sears. They paid off the loan after 60 days with an interest charge of $9.60. If Sears charges 8% interest. What did they pay for the kitchen set? (Use 360 days a year. Do not round intermediate calculations

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter2: Solving Linear Equations

Section2.2: Use A Problem Solving Strategy

Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...

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Question

The Sandinos bought a new kitchen set at Sears. They paid off the loan after 60 days with an interest charge of $9.60. If Sears charges 8% interest. What did they pay for the kitchen set? (Use 360 days a year. Do not round intermediate calculations.)

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