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    Exam 6: Simple Interest
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    The Interest Rate on $27,000 Borrowed on October 16, 2011
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The Interest Rate on $27,000 Borrowed on October 16, 2011

Question 122

Question 122

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The interest rate on $27,000 borrowed on October 16, 2011 was 8.7%. How much interest was owed on the April 15, 2012 repayment date?

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