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math

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find the exact amount of interest to be for accumulated 25000 at 81/4% for 60 days?

  • math - ,

    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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