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Posted on Aug 27, 2024

The interest rate on $27,000 borrowed on October 16, 2016 was 8.7%. How much interest will be owed on the April 15, 2017 repayment date?

On what date was a $1000 loan granted if the interest accrued as of November 16, 2016 was $50.05? The interest rate on the loan was 7.25%.

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