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Susie borrowed $4500 at a rate of 7.5% for 275 days. Find the interest and amount she paid.

User Ramatou
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1 Answer

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Answer:

275/360 = 55/72

Interest = $4,500(.075)(55/72) = $257.81

Total paid = $4,500 + $257.81 = $4,757.81

User Boyenec
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