5. Interest rate. A 2-year loan of $4650.25 accumulated $269.75 in simple interest. Calculate the interest rate. Round to 1 decimal place.
5. Interest rate. A 2-year loan of $4650.25 accumulated $269.75 in simple interest. Calculate the interest rate. Round to 1 decimal place.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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![5. Interest rate. A 2-year loan of $4650.25
accumulated $269.75 in simple interest. Calculate
the interest rate. Round to 1 decimal place.
us.
2](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F62b06e2a-1dc5-4c81-90e4-1c93dcc59f52%2Fb3b79d20-1719-4b7c-9e63-5e268288f4b1%2F19dodvr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:5. Interest rate. A 2-year loan of $4650.25
accumulated $269.75 in simple interest. Calculate
the interest rate. Round to 1 decimal place.
us.
2
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