Question
Mahesh borrowed $6,970 from Becky. She signed a contract agreeing to pay it back 9 months later at 6.05% simple interest. After 7 months, Becky
Mahesh borrowed $6,970 from Becky. She signed a contract agreeing to pay it back 9 months later at 6.05% simple interest. After 7 months, Becky sold the contract to Stan at a price that would earn Stan simple interest of 5.00% per year. Find the simple interest rate that Becky earned during the period that she had the contract.
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Andersons Business Law and the Legal Environment
Authors: David p. twomey, Marianne moody Jennings
21st Edition
1111400547, 324786662, 978-1111400545, 978-0324786668
