Vincent received a loan at 4.5% p.a. simple interest for 6 months. If he was charged an

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Vincent received a loan at 4.5% p.a. simple interest for 6 months. If he was charged an interest of $135 at the end of the period, what was the principal amount of the loan?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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