Answer:
8%
Step-by-step explanation:
The amount repaid is ...
A = P(1 +rt)
Filling in the given values, we can find r.
(18·28) = 450(1 +r(18/12)) . . . . . t is in years
504 = 450 + 675t
54/675 = 0.08 = 8%
The simple interest rate on the loan is 8%.
Answer:
a)5, b) -2.5, c) -15,d)-2,e)-10
Step-by-step explanation:
Answer:
716 or 10742/15
Step-by-step explanation:
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