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:

Verified
Correct Answer:
Verified
Related Questions
Q23: Israel signed a simple discount promissory note
Q24: Interest calculated solely on the principal amount
Q25: What is the effective interest rate of
Q26: Find the amount of interest on a
Q27: What is the time period of a
Q29: The financial officer of Toys and Noise
Q30: Barbara was charged 9.35% interest and paid
Q31: Suppose that you took out a loan
Q32: Innovative Engineering received a promissory note of
Q33: Find the interest on the loan: