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Find Principal to the Nearest Dollar, Rate to the Nearest

Question 45

Multiple Choice

Find principal to the nearest dollar, rate to the nearest tenth of a percent, or time to the nearest day. Use banker's interest.
-ABF Freight Systems earned $420.00 interest in 210 days from an investment that paid 4%. Find the amount initially invested.


A) $182,500
B) $10,500
C) $9,000
D) $18,000

Correct Answer:

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