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    Exam 6: Simple Interest
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    $734825 Was the Amount Required to Pay Off a Loan
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$734825 Was the Amount Required to Pay Off a Loan

Question 76

Question 76

Short Answer

$7348.25 was the amount required to pay off a loan after 14 months. If the loan was at 8¼ % per annum simple interest, how much of the total was interest?

Correct Answer:

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