Question
In 12 years, a bond with a 6.35% annual interest rate earned $7,620 as simple interest. What was the principal amount of the bond?
In 12
years, a bond with a 6.35%
annual interest rate earned $7,620
as simple interest. What was the principal amount of the bond?
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Financial Algebra advanced algebra with financial applications
Authors: Robert K. Gerver
1st edition
ISBN: 978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670
