Emilia received a loan of $17,140 from her friend. If she was charged the interest amount of $937 at the end of 13 months, calculate the annual rate of simple interest on the loan. % p.a.
Emilia received a loan of $17,140 from her friend. If she was charged the interest amount of $937 at the end of 13 months, calculate the annual rate of simple interest on the loan. % p.a.
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Emilia received a loan of $17,140 from her friend. If she was charged the interest amount of $937 at the end of 13 months, calculate the annual rate of simple interest on the loan. % p.a.
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