Ashton borrowed $7300 from his mother at a simple interest rate of 3.15% p.m. and was charged

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Ashton borrowed $7300 from his mother at a simple interest rate of 3.15% p.m. and was charged $650 in interest on the loan. What was the term of the loan in months and days?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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