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    Exam 6: Simple Interest
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    The $1000 Principal Amount of a Loan Was Repaid on March
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The $1000 Principal Amount of a Loan Was Repaid on March

Question 5

Question 5

Short Answer

The $1000 principal amount of a loan was repaid on March 13, 2011 along with accrued interest in the amount of $49.42. If the interest rate on the loan was 11%, what was the repayment date?

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