Essay
(a) If the interest on a note is $800, the interest rate is 6%, and the time is 60 days, what is the principal? (Assume 360 days in a year)
(b) If the principal of a note is $24,000, the interest is $600, and the time is 60 days, whatis the interest rte? (Assume 360 days in a year)
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(a) $80,000 ($800 11ec5d7d_d54...View Answer
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