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The interest paid on a loan of $500 for 4 months was $12.50. What was the simple interest rate? O a. 8.00% O b. 6.00%
The interest paid on a loan of $500 for 4 months was $12.50. What was the simple interest rate? O a. 8.00% O b. 6.00% O c. 6.50% O d. 7.50% O e. 7.00%
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Cpa Financial Accounting Examination Preparation Guide
Authors: Azhar Ul Haque Sario
1st Edition
979-8223666547
