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Solution Library
Calculate Simple Interest For Small Loan
Question
Bert borrowed $7500 from Delores on November 7, 1997. When Bert repaid the loan, Delores charged $190.02 interest. If the rate of simple interest on the loan was 6 3/4%, on what date did Bert repay the loan?
Summary
The question belongs to Mathematics and it discusses about calculation of simple interest rate for a loan for short period of time.
Total Word Count NA
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