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Contemporary Business Mathematics with Canadian Applications Study Set 2
Quiz 7: Simple Interest
Didzo Took a Loan of $14 600 on January 10,2013
Question 103
Multiple Choice
Didzo took a loan of $14 600 on January 10,2013 at a rate of 9.25%.He repaid the loan on June 4,2013.What is the interest due on repayment date? A)$529.10 B)$532.80 C)$536.50 D)$540.20 E)$543.90
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