Benjamin borrowed $2500 from a money lender. If the money lender charges interest at 12.5% p.a., calculate

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Benjamin borrowed $2500 from a money lender. If the money lender charges interest at 12.5% p.a., calculate the amount of interest Benjamin had to pay the lender at the end of 20 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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