Cathy borrowed $12,636.00 to buy a car. If interest was charged on the loan at 8.29% p.a., how much interest would Cathy have to pay in 15 days?
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To find the daily interest rate, divide the annual interest rate by 365 (the number of days in a year). Daily interest rate = 8.29% / 365 = 0.0227 Show more…
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