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19 April, 06:23

You have a chance to lend $6,500 at 5.25% interest for 95 days. If you charge ordinary interest, how much will you earn?

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  1. 19 April, 09:05
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    you would earn $88.82

    Explanation:

    regular interest rates go annually making the number seem like it would be higher but since its only for 95 days you don't earn all that much and just incase - 6,500 + 6588.82 = 88.82.
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