SOLUTION: A $20,000 loan at 11 percent dated March 9 is due to be paid on July 10. The amount of interest is

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Question 633469: A $20,000 loan at 11 percent dated March 9 is due to be paid on July 10. The amount of interest is
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=20000*0.11*120/365
I=$735