1. A loan of S5000 was repaid at the end of 6 months with a check for $5112.50. What simple interest rate was charged? (6)
1. A loan of S5000 was repaid at the end of 6 months with a check for $5112.50. What simple interest rate was charged? (6)
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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