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14 May, 12:43

Convert 2 months to years expressed in decimal form to the nearest hundredth? user: find the exact interest on a loan of $4000 at 8 % annually for 50 days

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  1. 14 May, 13:01
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    Two months in years = 2/12 = 0.17 (rounded)

    Interest earned in 50 days = 4,000 * 0.08 * 50/365 = $43.83

    Answer: I = $43.83
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