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Marta borrowed $1,950 from Jasper on November 20, 2019, and agreed to repay the debt with simple interest at the rate of 6.0% on June 12, 2020. Use Table 7.2.

How much interest was owed on June 12, 2020?

1 answer

count the number of days from Nov 20 to June 12 of the next year
Suppose you find it to be n days
I = PRT
= 1950(.06)(n/365) = ...
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