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    The Simple Interest Due on a 2-Month Loan of $3300
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The Simple Interest Due on a 2-Month Loan of $3300

Question 55

Question 55

Multiple Choice

The simple interest due on a 2-month loan of $3300 is $560. What is the maturity value of the loan?


A) $3860
B) $2740
C) $3864
D) $1110
E) $3856

Correct Answer:

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