Question

Patrick lent out a loan of $7,000 to his friend for an interest rate of 3.3% p.a. simple. His
friend repays him back the principal and interest after 9 months. Patrick then lent out
this total amount to another friend for an interest rate of 5.3% p.a. simple, which is
repaid after 5 months. What is the total amount of interest that Patrick earned?
Round to the nearest cent

Answer 1

Answer:

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Step-by-step explanation:

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