Question
Absa Bank loaned Striped Enterprises money at 7% interest for 120 days. If the amount of interest was R3500, use the ordinary interest method to
Absa Bank loaned Striped Enterprises money at 7% interest for 120 days. If the amount of interest was R3500, use the ordinary interest method to find the amount of principal borrowed.
Mike Johnson borrowed R4000 for 60 days. If the interest was R60 using ordinary interest, what was the rate on Mike's loan?
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77 Interak Amount R 3500 I SOLUTION for 120 day v Intertert ...
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
