An organization loaned $ 14,000.00 from a bank at 95 interest. They will pay a total of $ 20,300.00 within the agreed date of payment. How long will the organization need to pay the amount?
An organization loaned $ 14,000.00 from a bank at 95 interest. They will pay a total of $ 20,300.00 within the agreed date of payment. How long will the organization need to pay the amount?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:An organization loaned $ 14,000.00 from a bank
at 95 interest. They will pay a total of $
20,300.00 within the agreed date of payment.
How long will the organization need to pay the
amount?
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