What Is the Ordinary Simple Interest on a 225-Day Loan

question 18

Short Answer

What is the ordinary simple interest on a 225-day loan of $1,250 at 8.7%?

Identify the instructions and symbols indicating the need to review or change elements in a document.

Improve sentence structure to avoid choppy sentences and enhance clarity.

Recognize and rectify common punctuation errors.

Analyze logical flaws in arguments and identify incomplete ideas for further development.

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Definitions:

Ownership

The legal right or title to an asset or property, with the authority to use, sell, or lease it as the owner sees fit.

Widely Dispersed

Refers to assets, individuals, or entities that are spread out over a large geographic area or among a wide range of categories or types.

Socially Responsible Investing

Investing strategies that consider both financial return and social/environmental good to bring about social change.

Growing Practice

An activity or profession that is experiencing an increase in size, number, or both, often used in relation to businesses or industries.