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    Business Mathematics Study Set 1
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    Exam 6: Simple Interest
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    On What Date Was a $1000 Loan Granted If the Interest
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On What Date Was a $1000 Loan Granted If the Interest

Question 3

Question 3

Short Answer

On what date was a $1000 loan granted if the interest accrued as of November 16, 2013 was $50.05? The interest rate on the loan was 7.25%.

Correct Answer:

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