Ben Johnson has arranged for a 6 0 - day loan at an annual interest rate of

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Question:

Ben Johnson has arranged for a

60 -

day loan at an annual interest rate of

7.5 %

per annum. if the loan amount is

1

million how much interest would Mr Johnson pay in Rand terms assume

360

day per year

Posted Date: May 18, 2024 04:14 PM

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Ben Johnson has arranged for a 6 0 - day loan at an annual interest rate of

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