Janice Costa Bought Some Power Equipment Priced at $1,350

question 49

Short Answer

Janice Costa bought some power equipment priced at $1,350. The dealer permitted Janice to pay in 60 days but at a price of $1,389.60. Compute the ordinary simple interest (360-day year) rate that the dealer charged. (To nearest 1/10 of a percent.)

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Definitions:

Smooth

A type of involuntary muscle found in various organs, including the stomach, intestines, and blood vessels, controlling their movements and function.

Cardiac

Pertaining to the heart, its structure, function, or diseases.

Multinucleated

Describes cells that contain more than one nucleus, often found in certain muscle fibers and some pathogens.

Spindle Shaped

Describes cells that have tapered ends, commonly seen in smooth muscle cells involved in involuntary movements.