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Splish Brothers Inc. has a 90-day note that carries an annual interest rate of 8%. If the amount of the total interest on the note
Splish Brothers Inc. has a 90-day note that carries an annual interest rate of 8%. If the amount of the total interest on the note is equal to $300, then what is the principal of the note? (Use 360 days for calculation.) $15000 O $3750 O $9600 O $21600
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