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Fudgin [204]
3 years ago
11

Jackie decided to open a restaurant. She borrowed $25,000.00 for 5 years. After 5 years, she had paid back $35,000.00. What was

her simple interest rate?
Business
1 answer:
Vlad [161]3 years ago
6 0

Answer:

The answer is 8%

Explanation:

Remember the formula of simple interes is

Total Interest = Amount(Capital)  x interest rate x time

in this case

(35.000-25.000) = 25.000 x i x 5 years

10.000/25.000 / 5 = i

0,08= i

8% = i

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The CEO of Fly Corporation decides to change an accounting method at the end of the current year. The change results in reported
Angelina_Jolie [31]

Answer:

Fly Corporation

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3 years ago
Consider Frank’s decision to go to college. If he goes to college, he will spend $21,000 on tuition, $1,800 on books, and $11,
alex41 [277]

Answer:

b. $42,600

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