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posted by deca on Wednesday, April 17, 2013 at 11:12pm.
find the exact amount of interest to be for accumulated 25000 at 81/4% for 60 days?
I = Po*r*t r = (8.25%/365)/100% = 0.000226 = Daily % rate expressed as a decimal. I = 25,000*0.000226*60 = $339.00
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