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?
16.2% of $7000
= !6.2/100 * f $7000
=$1134 interest for 1 year
= 60/365 * $1134 for 60 days
=$186.41 to nearest cent
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