$850 borrowed on January 7 was repaid with interest at an annual rate of 7% on July 1 of the same calendar year. What was the amount of interest? Assume February has 28 days.

Chapter 6, Exercises 6.2 #11

$850 borrowed on January 7 was repaid with interest at an annual rate of 7% on July 1 of the same calendar year. What was the amount of interest? Assume February has 28 days.

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