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. Find the simple interest. A loan of $1,870 at 11% made on October 5 and due January 16 $46.21 $58.85 $58.05 $46.85

. Find the simple interest. A loan of $1,870 at 11% made on October 5 and due January 16 $46.21 $58.85 $58.05 $46.85
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5 votes
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Find the simple interest.
A loan of $1,870 at 11% made on October 5 and due January 16


$46.21

$58.85

$58.05

$46.85

asked
User Lyon
by
8.0k points

1 Answer

6 votes
Time from October 5 to January 16
T=26+30+31+16=103 days
I=1870*0.11*103/365=58.05
answered
User Ryanttb
by
8.5k points
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