Question

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?

Answer 1

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