Multiple Choice
A $12,000 short term loan was taken out on April 3,2010 at a simple interest rate of 8%.The amount repaid was $12,481.32.On what date in 2010 was the loan repaid?
A) October 1
B) October 3
C) October 6
D) October 9
Correct Answer:
Verified
Correct Answer:
Verified
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