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What Simple Interest Rate Was Used If Eddie Charged Meatball

question 122

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What simple interest rate was used if Eddie charged Meatball $700 interest on a loan of $5,000 for 26 days?


Definitions:

Prenatal

Pertaining to the period or development before birth.

Moral Emotions

Feelings that relate to society's norms and values, typically involving the welfare of others and guilt, shame, embarrassment, and pride.

Moral Reasoning

The process of determining right and wrong in ethical dilemmas, often examined through various developmental stages.

Guilty

The feeling of responsibility or remorse for some offense, crime, wrong, whether real or imagined.

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