What was the amount of interest charged on a loan of $12,500 received on January 18, 2019

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What was the amount of interest charged on a loan of $12,500 received on January 18, 2019 and settled on April 24, 2019 if the interest rate on the loan was 3.25% p.a.?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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