Question: A $40,000 loan at 4% dated June 10 is due to be paid on October 11. The amount of interest is (assume ordinary interest): O$503.00

A $40,000 loan at 4% dated June 10 is due to be paid on October 11. The amount of interest is (assume ordinary interest): O$503.00 O$2,500.00 O$546.67 O$105.33 ONone of these

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