A $14,400 loan taken out on May 21, 2021, was repaid with interest at 1114% per annum on July 19, 2022. How much interest was paid? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Interest paid $
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The loan was taken out on May 21, 2021, and repaid on July 19, 2022. Calculate the number of days between these two dates. - From May 21, 2021, to May 21, 2022, is 1 year or 365 days. - From May 21, 2022, to July 19, 2022, is 59 days (31 days in May from 21st Show more…
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