Calculate the amount that Nicholas lent his friend and the interest he earned if his friend repaid
Question:
Calculate the amount that Nicholas lent his friend and the interest he earned if his friend repaid him $3684.50 (including interest) at the end of 80 days. Assume that Nicholas charged his friend a simple interest rate of 5% p.a.
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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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