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5 January, 15:21

How many days would it take a $6,000 loan to earn $500 ordinary interest at 12% interest rate?

250 days

180 days

210 days

235 days

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Answers (2)
  1. 5 January, 18:50
    0
    12% of 6000 is 720. This is the amount earned in 365 days. So 253 days to reach 500 ... closest answer 250
  2. 5 January, 19:20
    0
    180 days I think is the answer if it's wrong I am so sorry
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