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Shaylash Takes Out a Loan for $10,500, at 8

Question 108

Multiple Choice

Shaylash takes out a loan for $10,500, at 8.5% exact interest. If the amount of interest is $858.03, what is the time period of the loan? (Round any fraction to the next higher day)


A) 364 days
B) 365 days
C) 367 days
D) 351 days

Correct Answer:

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