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 and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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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?
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