You borrow $185 from the bank at 5.4% annual simple interest. How much interest do you owe the bank after 300 days? (Round your answer to the nearest cent.) You owe the bank $ 3000831.35
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To find the daily interest rate, divide the annual interest rate by 365 (the number of days in a year). Daily interest rate = 5.4% / 365 = 0.0148 (rounded to 4 decimal places) Show more…
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