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The interest accrued on $6,400 at 6% for 75 days is: (Use 360 days a year.)Multiple Choice$448.$45.$38.$192.$80.

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The interest accrued on $6,400 at 6% for 75 days is: (Use 360 days a year.)Multiple Choice$448.$45.$38.$192.$80.
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Solution 1

To calculate the interest accrued on a sum of money, you can use the formula for simple interest which is I = PRT, where:

  • I is the interest
  • P is the principal amount (the initial amount of money)
  • R is the rate of interest per period
  • T is the time the money is invested for

Given in the prob Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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