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.
-Central Animal Hospital borrowed $8,300 for 75 days and paid $164.27 in interest. Find the rate of interest on the loan.
A) 10.0%
B) 9.0%
C) 9.7%
D) 9.5%
Correct Answer:
Verified
Correct Answer:
Verified
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