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In another worked loan, the partial payment fell after how many days?
A30
B60
C50
D90
Answer & Solution
Correct answer: B. 60
1. That loan was for $13,700.
2. Its annual rate was 6.55 per cent.
3. The payment came after 60 days.
_Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_
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