EXPLANATION:

The interest of $1728 for 60 days at 6% is 1% of $1728, or $17.28; and

the interest for 20 days (1/3 of 60) is 1/3 of $17.28, or $5.76. Hence

for 80 days it will be $17.28 plus $5.76, or $23.04.

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