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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 171
Use the formula I = PRT , where I = interest in dollars, P = principal or loan amount, R = interest rate written as a decimal, and T = time in years.
LOAN TO AN UNCLE Ben Cross loaned $8000 to his uncle for 4 years and received $1920 in interest. Find the interest rate.
LOAN TO AN UNCLE Ben Cross loaned $8000 to his uncle for 4 years and received $1920 in interest. Find the interest rate.
Explanation
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Given, an interest of $1920 wa...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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