Richard borrowed $2000 from Linda. The terms of the loan are as follows: The period of the

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Richard borrowed $2000 from Linda. The terms of the loan are as follows: The period of the loan is 3 years, and the rate of interest is 8% compounded semiannually. What rate of simple interest would be equivalent to the rate Linda charged Richard?

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Question Posted: Jan 28, 2019 06:08 AM

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Richard borrowed $2000 from Linda. The terms of the loan are as follows: The period of the

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A 2000 1 0082 6 2000 104 6 2...View the full answer

A Survey of Mathematics with Applications

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