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Sagot :
The term of shaquil's loan will be 29 days approximatly.
We have given that,
Principle amount (p) = $400
Rate (r)= 250% = 2.5
Interest = $80
t = time (in days) = t/365
What is the formula simple interest?
[tex]I=prt[/tex]
[tex]r=\frac{I}{rt}[/tex]
[tex]2.5 = \frac{80\times 365}{400\times t}[/tex]
[tex]t= \frac{80\times 365}{400\times 2.5}[/tex]
[tex]t=\frac{73}{2.5}\\ \\t=29.2[/tex]
t = 29.2
t = 29 days
Therefore option (B) is correct.
Therefore the term of shaquil's loan will be 29 days approximatly.
To learn more about the loan visit:
https://brainly.com/question/26011426
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