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What amount of Interest will be charged on $6500 borrowed for 5 months at a simple Interest rate of 6%
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17 votes
17 votes
What amount of Interest will be charged on $6500 borrowed for 5 months at a simple

Interest rate of 6%

User Jury Dpling
by
3.2k points

1 Answer

4 votes
4 votes

Answer:

162.50

Explanation:

6500 * 5/12 * .06 =

User Saugandh K
by
3.3k points
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