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    Contemporary Business Mathematics Study Set 1
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    Exam 7: Simple Interest
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    What Rate of Interest Is Required for $940
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What Rate of Interest Is Required for $940

Question 52

Question 52

Essay

What rate of interest is required for $940.48 to earn $42.49 interest from September 30, 2013, to March 4, 2014?

Correct Answer:

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Number of days = 1 +...

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