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    Exam 8: Measurement
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    Find the Interest on the Loan Using the Banker's Rule
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Find the Interest on the Loan Using the Banker's Rule

Question 77

Question 77

Multiple Choice

Find the interest on the loan using the Banker's rule. P = $3100, r = 5%, t = 90 days


A) $38.22
B) $38.75
C) $34.88
D) $34.40

Correct Answer:

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