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A print shop borrows $8400 from a credit union for 214 days. The credit union charges simple interest at an annual rate of 5.75% for this loan. Assume each day is 1365 of a year. Answer each part below.
(a) Find the interest that will be owed after 214 days.
(b) Assuming the print shop doesn't make any payments, find the amount owed after 214 days.
Sagot :
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