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math question regarding

Mathematics
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a  company burrows $7000 at 16.2 % for 60 days. Find the amount of simple interest due and the total amount must be paid after 60 days?

Dec 7th, 2014

16.2% of $7000

= !6.2/100 * f $7000

=162 *7

=$1134 interest  for 1 year

= 60/365 * $1134 for 60 days 

=$186.41 to nearest cent

Dec 7th, 2014

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