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Homework answers / question archive / In order to pay his university fees, Feynman borrowed $ 7000 for five months at 5

In order to pay his university fees, Feynman borrowed $ 7000 for five months at 5

Finance

In order to pay his university fees, Feynman borrowed $ 7000 for five months at 5.5% Calculate the amount of simple interest that will be charged to Feynman. Approximate your answer to the nearest 100th.

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