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Author Question: The principal P is borrowed and the loan's future value, A, at time t is given. Determine the loan's ... (Read 121 times)

rosent76

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Question 1

The principal P is borrowed and the loan's future value, A,  at time t is given. Determine the loan's simple interest rate, r, to the nearest tenth of a percent.

P = $700.00, A = $729.75, t = 3 months
◦ 5.5%
◦ 17%
◦ 34%
◦ 17.2%

Question 2

The principal P is borrowed and the loan's future value, A,  at time t is given. Determine the loan's simple interest rate, r, to the nearest tenth of a percent.

P = $6900, A = $8702.63, t = 19 months
◦ 16.5%
◦ 6%
◦ 33.5%
◦ 33%


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Marked as best answer by rosent76 on Feb 2, 2020

ASDFGJLO

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rosent76

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Reply 2 on: Feb 2, 2020
Wow, this really help


frankwu0507

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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