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    Contemporary Mathematics
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    Exam 10: Simple Interest and Promissory Notes
  5. Question
    Abkar Hardware Takes Out a Loan of $2,500, for 84
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Abkar Hardware Takes Out a Loan of $2,500, for 84

Question 28

Question 28

Short Answer

Abkar Hardware takes out a loan of $2,500, for 84 days. If the amount of interest is $63.29, use the exact interest method to find the rate. (Round to the nearest tenth percent)

Correct Answer:

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