Answered: Tom earned $ 504 when he invested…

Math

Calculus

Tom earned $ 504 when he invested $16,820 for 8 months. His rate of simple interest was:

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter2: Solving Linear Equations

Section2.2: Use A Problem Solving Strategy

Problem 2.51TI: Jim lent his sister $5,000 to help her buy a house. In three years, she paid him the $5,000, plus...

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Tom earned $ 504 when he invested $16,820 for 8 months. His rate of simple interest was:

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