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    Contemporary Mathematics
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    Exam 10: Simple Interest and Promissory Notes
  5. Question
    Find the Amount of Interest on a Loan of $10,500
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Find the Amount of Interest on a Loan of $10,500

Question 26

Question 26

Multiple Choice

Find the amount of interest on a loan of $10,500, at 9% interest, for 124 days using the exact interest method.


A) $945.00
B) $321.04
C) $321.40
D) $325.50

Correct Answer:

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