print shop borrows $3300 from a credit union for 275 days. The credit union charges simple Interest at an annual rate of 17% for this loan. Assume each day
1
of a year. Answer each part below.
365
Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas.
(a) Find the interest that will be owed after 275 days.
$
(b) Assuming the print shop doesn't make any payments, find the amount owed after 275 days.
$0
G