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To pay for car repairs, you take out a simple interest loan for $ 1 5 2 0 at a rate of 8 . 5

To pay for car repairs, you take out a simple interest loan for $

1520

at a rate of

8.5 %

for

120

days.

What is the interest you will pay of the lender uses the Banker's Rule considering there are

360

days in a year?

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