Find Principal to the Nearest Dollar, Rate to the Nearest

question 83

Multiple Choice

Find principal to the nearest dollar, rate to the nearest tenth of a percent, or time to the nearest day. Use banker's interest.
-Central Animal Hospital borrowed $8,300 for 75 days and paid $164.27 in interest. Find the rate of interest on the loan.

• A)10.0%
• B)9.0%
• C)9.7%
• D)9.5%

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