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A supplier charges 15% interest on past-due amounts. Interest on a $512 account is $10.52. For how many days must the count have been overdue assuming the supplier uses a 365-day year?
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A supplier charges 15% interest on past-due amounts. Interest on a $512 account is $10.52. For how many days must the count have been overdue assuming the supplier uses a 365-day year?

User ZK Zhao
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5 votes

Answer:

For how many days must the count have been overdue assuming the supplier uses a 365-day year? 50 days

Step-by-step explanation:

ACCOUNT 512

% Interest 15%

Annual interest 76,8

76,8 365

10,52 x

X=50 days

User Geom
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