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If You Borrow $100 000 for 90 Days with Simple

Question 15

Multiple Choice

If you borrow $100 000 for 90 days with simple interest of 6.2% per annum,what is the total amount of interest paid on the loan?

A) $1528.77
B) $6200.00
C) $620.00
D) $15 287.67

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