A $12,000 short term loan was taken out on April 3,2010 at a simple interest rate of 8%.The amount repaid was $12,481.32.On what date in 2010 was the loan repaid?
A)October 1
B)October 3
C)October 6
D)October 9

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The Answer of A $12,000 short term loan was taken out on April 3,2010 at a simple interest rate of 8%.The amount repaid was $12,481.32.On what date in 2010 was the loan repaid?
A)October 1
B)October 3
C)October 6
D)October 9

A $12,000 Short Term Loan Was Taken Out on April