I have having trouble setting this problem up to work it out: Principal Rate (%) Time (days) Interest Method Interest Maturity Value (in $) $19,000 13 days Ordinary $720 $ My formula looks like: $19,000 x .13 x 105/360 I calculated the days to be 105
I have having trouble setting this problem up to work it out: Principal Rate (%) Time (days) Interest Method Interest Maturity Value (in $) $19,000 13 days Ordinary $720 $ My formula looks like: $19,000 x .13 x 105/360 I calculated the days to be 105
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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I have having trouble setting this problem up to work it out:
Principal | Rate (%) |
Time (days) |
Interest Method |
Interest | Maturity Value (in $) |
---|---|---|---|---|---|
$19,000 | 13 | days | Ordinary | $720 | $ |
My formula looks like: $19,000 x .13 x 105/360
I calculated the days to be 105
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