Solved: Given the following information concerning a promissory, Accounting Basics

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Given the following information concerning a promissory

Question - Given the following information concerning a promissory note:

Principal $3,300

Term 60 Days

Interest $66

Required: Determine the interest rate of the note.

Note: To simplify the arithmetic in the problem, use 360 days for the number of days in a year.

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Accounting Basics: Given the following information concerning a promissory

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Accounting Basics: Given the following information concerning a promissory

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