Question:

Ann borrows $6900 at 7% for 300 days.Find the total amount that must paid after 300days.(use 365day/year)?

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assume that simple interest is calculated.

a)$7383.00

b)$10,869.86

c)$7296.99

d)$6939.70

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  1. C

    ((.07 x 300/365) + 1) x 6900 = 7296.99

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