If Allan invested a certain amount of money to the business of his friend and they agreed that Allan will receive 3.46 times his money if he is willing to wait for 15 years. Using simple interest, what is the agreed rate of return between Allan and his friend, percent?
KVL and KCL
KVL stands for Kirchhoff voltage law. KVL states that the total voltage drops around the loop in any closed electric circuit is equal to the sum of total voltage drop in the same closed loop.
Sign Convention
Science and technology incorporate some ideas and techniques of their own to understand a system skilfully and easily. These techniques are called conventions. For example: Sign conventions of mirrors are used to understand the phenomenon of reflection and refraction in an easier way.
If Allan invested a certain amount of money to the business of his friend and they agreed that Allan will receive 3.46 times his money if he is willing to wait for 15 years. Using simple interest, what is the agreed rate of return between Allan and his friend, percent?
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