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Use ordinary interest: Principal: $12,000 Interest rate: 9% Date borrowed: April 5 Date repaid: August 9 Solve for: a) Time (in days) b) Simple interest:

Use ordinary interest:

Principal: $12,000

Interest rate: 9%

Date borrowed: April 5

Date repaid: August 9

Solve for:

a) Time (in days)

b) Simple interest:

c) Amount paid back:

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