Question
Lucy takes out a car loan for BD 60000 at an interest rate of 12% simple interest. If a principal of BD 5000 earns simple
Lucy takes out a car loan for BD 60000 at an interest rate of 12% simple interest. If a principal of BD 5000 earns simple interest of BD 520 in 9 years, calculate the interest rate, is in effect?
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Analysis For Financial Management
Authors: Robert C. Higgins
12th International Edition
1260091910, 9781260091915
