Charles Clothing Company needs to borrow money to repair its broken sewing machines. It can borrow $90,00 . for 270 days at 8% exact simple interest. Compute the total amount that Charles will need to repay. (Use a 365-day year.)


$90,00 . × 0.08 × 270/365 = $5,326.03; $90,00 . + $5,326.03 = $95,326.03

Business

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