Question: You borrow $ 7 0 0 for 1 0 5 days at a simple interest rate of 3 % . What is the interest on

You borrow $700 for 105 days at a simple interest rate of 3%.
What is the interest on the loan? Be sure to use the Bankers' Rule when working with daily rates.
$
What is the future value (A) of the loan?
You borrow $700 for 105 days at a simple interest rate

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