A radio commercial for a loan company states: "You only pay 32e a day for each $500 bomowed if you borrow $2.465 for 122 days, what amount will you repay, and what annualitates the company actually charging? (Assume a 300-day year) a. Amount you repay (Round to two decimal places)

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Q: The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's…

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Q: A radio commercial for a loan company​ states: "You only pay 29¢ a day for each​ $500 borrowed." If…

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