.A man is required to pay 57500 at the end of 15 days or 60000 at the end of 60 days. Determine the rate of interest

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
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2.A man is required to pay 57500 at the end of 15 days or 60000 at the end of 60 days. Determine the rate of interest

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