Jennifer received a loan at 5% p.a. simple interest for 8 months. If he was charged an interest of $560.00 at the end of the period, what was the principal amount of the loan? Round to the nearest cent
Jennifer received a loan at 5% p.a. simple interest for 8 months. If he was charged an interest of $560.00 at the end of the period, what was the principal amount of the loan? Round to the nearest cent
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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