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 0.05416% per day. Travis repays the money plus the interest after 21 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?

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 0.05416% per day. Travis repays the money plus the interest after 21 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?

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter3: Solving Equation And Problems

Section3.1: Transforming Equations: Addition And Subtraction

Problem 2E

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