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need correct Answer ASAP. with in 10 mints Given a simple interest rate of 5%, determine the effective rate of interest in the 7th year.
need correct Answer ASAP. with in 10 mints
Given a simple interest rate of 5%, determine the effective rate of interest in the 7th year. Possible Answers A 3.85% B 3.70% C 4.63% D 4.98% 25%Step by Step Solution
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