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Carly Borrowed $2,500 from Clare on July 18 at an Interest

Question 84

Multiple Choice

Carly borrowed $2,500 from Clare on July 18 at an interest rate of 8%. On March 7 of the following year, Carly repaid the loan with interest. How much interest should she have paid?


A) $72.88
B) $21.63
C) $127.12
D) $112.50
E) $90.87

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