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    Contemporary Business Mathematics Study Set 1
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    Exam 7: Simple Interest
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    At What Rate of Interest Must a Principal of $1535
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At What Rate of Interest Must a Principal of $1535

Question 24

Question 24

Essay

At what rate of interest must a principal of $1535.00 be invested to earn interest of $75.46 in 235 days?

Correct Answer:

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P = 1535.0...

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