Math A Exam

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This topic contains 2 replies, has 2 voices, and was last updated by  Lindsay Andreasen 1 year, 5 months ago.

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  • #6963

    Lindsay Andreasen
    Participant

    Hi. On question #10 of Math A exam my answer was $184.72.
    9.5% of 50,000 is $4750 / 360 days = 13.19 daily interest amount with 14 remaining days in the 30 day month of June including the closing date of June 17th = $184.72. I am lost to how the answer is $211.11.

    Please advise. Thank you!

  • #6964

    Brian Swan
    Keymaster

    The question is asking what the seller has to pay, not the buyer.

  • #6965

    Lindsay Andreasen
    Participant

    🙂 Lesson learned

    Thank you

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