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04-06-2018
Mathematics

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Anjali went to Citizens Bank and borrowed $7,000 at a rate of 8%. The date of the loan was September 20. Anjali hoped to repay the loan on January 20. Assuming the loan is based on ordinary interest, Anjali will pay back how much interest on January 20?

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rapunzel9 rapunzel9

04-06-2018

Anjali will pay $93.54 in interest.

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