Multiple Choice
What is the rate of interest on a loan of $2,000, for 284 days, if the amount of interest is $93.37, using the exact interest method? (Round your answer to the nearest tenth percent)
A) 14.5%
B) 4.7%
C) 5.9%
D) 6.0%
Correct Answer:
Verified
Correct Answer:
Verified
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