Calculate Simple Interest For Small Loan

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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.

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