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In the worked example, the partial payment fell how many days in?
A35
B55
C95
D45
Answer & Solution
Correct answer: D. 45
1. The loan was $6,500 at 12.6 per cent.
2. Interest was worked out over that stretch.
3. The payment came 45 days into the loan.
_Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_
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