Question
Simon borrows $942 dollars from Debra for 141 days. The annual simple interest rate on this loan is 1.6%. Sara borrows $923 dollars from Jack
Simon borrows $942 dollars from Debra for 141 days. The annual simple interest rate on this loan is 1.6%.
Sara borrows $923 dollars from Jack for 144 days.
If the maturity value on both loans is the same, what annual simple interest rate is Jack charging Sara?
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Introduction to graph theory
Authors: Douglas B. West
2nd edition
131437372, 978-0131437371
