Question
What is the principal amount if the interest at the end of 2.5 years is 4,500 with a simple interest rate of 6.01% per year?
How long does a 40,000 note with 4.02% simple interest have to run to equal 41,400?
What is the annual rate of interest if 16,000 earns 482 in 9 months?
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
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