What is the principal amount if the interest at the end of 2.5 years is 4,500 with a simple interest rate of 6.01% per year? -How long does a 40,000 note with 4.02% simple interest have to run to equal 41,400? -What is the annual rate of interest if 16,000 earns 482 in 9 months?
What is the principal amount if the interest at the end of 2.5 years is 4,500 with a simple interest rate of 6.01% per year? -How long does a 40,000 note with 4.02% simple interest have to run to equal 41,400? -What is the annual rate of interest if 16,000 earns 482 in 9 months?
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 10P
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-What is the principal amount if the interest at the end of 2.5 years is 4,500 with a simple interest rate of 6.01% per year?
-How long does a 40,000 note with 4.02% simple interest have to run to equal 41,400?
-What is the annual rate of interest if 16,000 earns 482 in 9 months?
3 decimal places thank you
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