Cameron invested $2,890 for 225 days at a simple interest rate of 3.75% p.a. How much more or less interest would he have earned on the investment if his money was growing at a simple interest rate of 4.50% p.a. instead of 3.75% p.a.? Round to the nearest cent
Cameron invested $2,890 for 225 days at a simple interest rate of 3.75% p.a. How much more or less interest would he have earned on the investment if his money was growing at a simple interest rate of 4.50% p.a. instead of 3.75% p.a.? 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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Transcribed Image Text:Cameron invested $2,890 for 225 days at a simple interest rate of 3.75% p.a. How much
more or less interest would he have earned on the investment if his money was
growing at a simple interest rate of 4.50% p.a. instead of 3.75% p.a.?
Round to the nearest cent
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