=+5 A bank lends a customer 5,000. At the end of 10 years he repays this amount
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=+5 A bank lends a customer £5,000. At the end of 10 years he repays this amount plus interest. The amount he repays is £8,950. What is the rate of interest charged by the bank?
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Muhammad Umair
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Related Book For 
Corporate Financial Management And How To Write Essays And Assignments
ISBN: 978-1405882897
Coursepack Edition
Authors: Glen Arnold
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