A bank loan of $3000 charged 8% p.a. when payment was made after the due date. If

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A bank loan of $3000 charged 8% p.a. when payment was made after the due date. If the due date was November 3, and the loan was paid December 1, how much interest was charged?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

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Question Posted: Nov 29, 2017 06:44 AM

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A bank loan of $3000 charged 8% p.a. when payment was made after the due date. If

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Contemporary Business Mathematics with Canadian Applications

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