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A loan of $2500 is taken on March 15 and repaid September 15th. The interest rate for the loan was 17.75%. Find the interest using ordinary time and ordinary interest
11 years ago

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Answered by Ms. Sue
I=prt

I = 2500 * 0.1775 * 0.5

11 years ago
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A loan of $2500 is taken on March 15 and repaid September 15th. The interest rate for the loan was 17.75%. Find the interest using ordinary time and ordinary interest

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