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Find Principal to the Nearest Dollar, Rate to the Nearest

Question 36

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.
-House of Realty earned $420.00 interest on a $18,000 deposit in an account paying 4%. Find the number of days that the funds were on deposit.


A) 58 days
B) 213 days
C) 315 days
D) 210 days

Correct Answer:

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