Question:

About interest rate?

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I know this is probably not what this is for but i need help. I am to find what 6% of $5600 daily rate per Random is for 80 days. Can anyone tell me how i figure this out or help me?

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  1. 5600 x 6%= 336.00 /366 days = 0.91/day x 80 days = 72.80

    Banks use 366 days for the year when computing interest payouts.

    I don't know what "per random" means, per annum is the banking and accounting term.

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