You borrow $475 for 120 days at a simple interest rate of 2.4%.

What is the interest on the loan? Be sure to use the Bankers' Rule when working with daily rates.

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18-06-2024
Mathematics

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You borrow $475 for 120 days at a simple interest rate of 2.4%.

What is the interest on the loan? Be sure to use the Bankers' Rule when working with daily rates.

Sagot :

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