Use the ordinary interest method to find the rate of interest that Valley Mountain Vineyards pays on a loan of $5,600 for 235 days, if the amount ofInterest is $365.67. (RounIC percent.) O 4.2% O 6.5% O 10.0% O 12.7%

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Use the ordinary interest method to find the rate of interest that Valley Mountain Vineyards pays on a loan of $5,600 for 235 days, if the amount of Interest Is $365.6). (RUU
percent.)
O 4.2%
O 6.5%
O 10.0%
O 12.7%
Transcribed Image Text:Use the ordinary interest method to find the rate of interest that Valley Mountain Vineyards pays on a loan of $5,600 for 235 days, if the amount of Interest Is $365.6). (RUU percent.) O 4.2% O 6.5% O 10.0% O 12.7%
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