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A certain sum of money in simple interest scheme amount to $8,880 in 6 years and $7,920 in 4 years respectively. Find the principal
A certain sum of money in simple interest scheme amount to $8,880 in 6 years and $7,920 in 4 years respectively. Find the principal and rate percent. Principal = 6,300, rate = 7.5% O Principal = 6,000, rate = 8% 2 pts Principal = 6,000, rate = 7.5% O Principal = 6,300, rate = 8% Novt)
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Engineering Economic Analysis
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
9th Edition
978-0195168075, 9780195168075
