Question
2. If Inez is charged an interest of $42.95 on a loan of $950.00 for seven months, calculate the rate of interest charged on the
2. If Inez is charged an interest of $42.95 on a loan of $950.00 for seven months, calculate the rate of
interest charged on the loan
(3 marks).
3. An investment of $12 000.00 earns an interest of $480.00. Calculate the time in months if the interest
rate is 6%
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The New Managed Account Solutions Handbook
Authors: Stephen D. Gresham, Arlen S. Oransky
1st Edition
0470222786, 978-0470222782
