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3 years ago

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With interest of $1,832.00 and a principal of $16,000 for 206 days, using the ordinary interest method, the rate is:

1 answer:

Anuta_ua [19.1K]3 years ago

3 0

<span>The interest of $1,832.00 the principle of $16,000 for 206 days user the ordinary interest methods to determine the rate. I=Prt 1,832=16,000*206/360*r 1,832=9,155.555556*r r=1,832/9,155.555556 r=0.20 = 20% The rate of the interest is -----------> 20%. </span>

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