Angelo took a loan of $2500 from a bank at 4.6% p.a. for 18 months and gave
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Angelo took a loan of $2500 from a bank at 4.6% p.a. for 18 months and gave it to his friend Alisa as a loan at a rate of 6.0% p.a. At the end of 18 months, how much interest should Alisa have paid Angelo? Of this amount, how much interest should Angelo have paid the bank?
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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