math homework
Question 7
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Jim's Cycle Shack got a $ 2400 loan to buy supplies. The loan carried exact interest at $ 23.01 for the 50-day loan period. What was the interest rate? {Round to the nearest hundredth.}
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Question 8
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Electronic Wholesale accepted a $ 900 , 6 % , 75 day- note from Tiny's CB on June 28. The note was discounted on August 8 at 9 %. What is the net proceeds? (Use ordinary simple interest at ordinary (30-day-month) time).
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Question 9
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To repair a mower, Gober's Landscaping took out an 12 % loan for 45 days with ordinary simple interst at ordinary time at $ 46.50. What is the principal of the loan?
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Question 10
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Wiser's Electronics accepted a $3000 60-day note from Tiny's CB on August 25. The note was discounted on September 10 at 11%. What is the net proceeds? (Use ordinary simple interest at exact time-banker's interest.)
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On October 4, 2003 Gober's Landscaping borrowed $ 7500 for equipment at 6 % interest with due date of December 15, 2003. What is the interest on the loan using ordinary simple interest at ordinary time?
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Question 12
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On October 4, 2003 Gober's Landscaping borrowed $ 7500 for equipment at 6 % interest with due date of December 15, 2003. What is the interest on the loan using exact simple interest?
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Question 13
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David Rachel bought a lawn tractor for $ 1150, making a down payment of $ 50 and financing the remainder for 12 months at $ 100 per month. What is the APR using the table? {The table is on pages 406 and 407 of textbook.}
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If in the middle, take the higher percent