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OpenStudy (anonymous):
Consider a $15,000 loan at an annual simple interest rate of 7.4%. If it is repaid in 30 days, what is the interest due? A) $270.30 B) $277.50 C) $91.23 D) $92.50
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OpenStudy (xapproachesinfinity):
use I=PRT R=interest rate t the times =30 days P=15000
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