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27 October, 01:23

Find the interest in dollars and the proceeds for the following problem. Choose the right answers. John Green received a $580 discount loan to purchase a television. The loan was offered at 16% for 60 days. Find the interest in dollars and the proceeds for the following problem. The interest is $. The proceeds are $.

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  1. 27 October, 01:31
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    The interest

    580*0.16 * (60:360)

    =15.47

    The proceeds

    580-15.47

    =564.53
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