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2. A cardholder has zero balance on his card and takes out a cash advance of $1725 on September 1 1th. His statement comes out

2. A cardholder has zero balance on his card and takes out a cash advance of $1725 on September 1 1th. His statement comes out on October 2nd and he pays off the entire balance on October 9th. How much interest did he pay if his credit card company charges 22.5% per annum on cash advances? 2) 2 marks

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