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Q1)- If a credit card company charges 3% interest rate per month. What will be the effective interest rate per annum Q2)- If $ 500

Q1)- If a credit card company charges 3% interest rate per month. What will be the effective interest rate per annum

Q2)- If $ 500 is earned in Five months on an investment of $ 10,000, what is the annual rate of simple interest?

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