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Determine the Interest on the Following Notes

Question 187

Essay

Determine the interest on the following notes:
(a) $2000 at 6% for 90 days.
(b) $900 at 9% for 5 months.
(c) $3000 at 8% for 60 days
(d) $1600 at 7% for 6 months

Correct Answer:

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(a) $30.00 ($2000 × .06 × 90/3...

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