Question
The simple interest earned by a certain amount of money varies jointly as the rate of interest and the time (in years) the money is
The simple interest earned by a certain amount of money varies jointly as the rate of interest and the time (in years) the money is invested. If some money invested at 12.5% for 2 years earns USD 460, how much would the same amount earn at 13% for 3 years?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
