A vendor borrows a certain amount of money at 8% simple interest for 3 months. Determine the principal that results in interest amounting to 600.
A vendor borrows a certain amount of money at 8% simple interest for 3 months. Determine the principal that results in interest amounting to 600.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
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A vendor borrows a certain amount of money at 8% simple interest for 3 months. Determine the principal that results in interest amounting to 600.
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