Math Problem Statement
Kenneth borrowed $9 comma 501.00 to buy a car. If interest was charged on the loan at 7.26 % p.a. comma how much interest would Kenneth have to pay in 45 days?
Solution
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Math Problem Analysis
Mathematical Concepts
Simple Interest
Percentage
Time in Days
Formulas
Simple Interest Formula: Interest = P × r × t
Theorems

Suitable Grade Level
Grades 910
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