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The term of shaquil's loan will be 29 days approximatly.
We have given that,
Principle amount (p) = $400
Rate (r)= 250% = 2.5
Interest = $80
t = time (in days) = t/365
<h3>What is the formula simple interest?</h3>
t = 29.2
t = 29 days
Therefore option (B) is correct.
Therefore the term of shaquil's loan will be 29 days approximatly.
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