Question: Find the total amount repaid for a loan for $ 200 at 5 % simple interest for 72 days using a 360 - day year.

Find the total amount repaid for a loan for $ 200 at 5 % simple interest for 72 days using a 360 - day year.

(a) $ 220 (b) $ 202 (c) $ 204 (d) $ 260 (e) $ 240

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