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Joy Kirby made a \$320 loan to Robinson Landscaping at 11%. Robinson paid back the loan with interest of \$7.04.

How long in days was the loan outstanding (assume 360 days)? (Round your answer to the nearest whole number.)

Period= 72

Explanation:

T = \$7.04 = 0.20 × 360 = 72 days
\$320 × 0.11

Check:
\$320 × .11 × 72 = \$7.04
360

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