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    Business Mathematics Study Set 1
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    Exam 9: Simple Interest
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    Find the Amount by Which the Ordinary Interest Is Larger
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Find the Amount by Which the Ordinary Interest Is Larger

Question 110

Question 110

Multiple Choice

Find the amount by which the ordinary interest is larger than the exact interest. Round to the nearest cent.
-$64,600 at 5% for 270 days


A) $23.68
B) $43.68
C) $2,422.50
D) $33.18

Correct Answer:

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