4 4 points Shah Rukh invested RM5 000 in an investment fund for three years. At the end of the investment period, his investment will be worth RM7 250.Find the simple interest rate that is offered. 15.75% 15.5% 15% 16%

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 19E
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4
4 points
Shah Rukh invested RM5 000 in an investment fund for three years. At the end of the investment period, his investment will be worth RM7 250.Find the
simple interest rate that is offered.
15.75%
15.5%
15%
16%
00O
Transcribed Image Text:4 4 points Shah Rukh invested RM5 000 in an investment fund for three years. At the end of the investment period, his investment will be worth RM7 250.Find the simple interest rate that is offered. 15.75% 15.5% 15% 16% 00O
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