The total amount of simple interest earned from $6000 invested for 9 months and $4000 invested for
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The total amount of simple interest earned from $6000 invested for 9 months and $4000 invested for 15 months, both at the same interest rate, was $570. Calculate the annual rate of interest.
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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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