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Susi took out a loan for $2500 and was charged simple interest at an annual rate of 9.3%.The total interest he paid on the loan

Susi took out a loan for $2500 and was charged simple interest at an annual rate of 9.3%.The total interest he paid on the loan was $186. How long was the loan for in days? Assume that there are 365 days in a year, and do not round any intermediate computations.

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Financial Formulas I =Prt = principal A-P(1+rt) simple interest annual interest rate A =P time or term of investment or loan (in years) A = Pe 4 - future value or amount accumulated 11 = number of times interest is compounded per year e = Euler's number M = installment payment or monthly payment effective annual interest rate or effective annual yield P M = 12 Y = 1 -7 2020 McGraw-Hill Education. All Rights Reserve Terms of Use Privacy Acc

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