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Shannon O'Hara Borrowed $10,000 for 60 Days at an Annual

Question 20

Multiple Choice

Shannon O'Hara borrowed $10,000 for 60 days at an annual interest rate of 6.5%. Find the simple interest due on the loan. Assume 365 days in a year. Round your answer to the nearest hundredth.


A) $10.68
B) $650.00
C) $6500.00
D) $1068.49
E) $106.85

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