The rate of interest using the ordinary interest method where principal invested is $ 25 , 000 , time period is 245 days and interest amount is $ 1 , 960 .Also round the answer to the nearest hundredth of a percent.

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Answer 1

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Chapter 10.II, Problem 8TIE

To determine

To calculate: The rate of interest using the ordinary interest method where principal invested is $25,000, time period is 245 days and interest amount is $1,960.Also round the answer to the nearest hundredth of a percent.

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Answer 2

Question

Chapter 10.II, Problem 8TIE

To determine

To calculate: The rate of interest using the ordinary interest method where principal invested is $25,000, time period is 245 days and interest amount is $1,960.Also round the answer to the nearest hundredth of a percent.

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Answer 3

Question

Chapter 10.II, Problem 8TIE

To determine

To calculate: The rate of interest using the ordinary interest method where principal invested is $25,000, time period is 245 days and interest amount is $1,960.Also round the answer to the nearest hundredth of a percent.

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Answer 4

Question

Chapter 10.II, Problem 8TIE

To determine

To calculate: The rate of interest using the ordinary interest method where principal invested is $25,000, time period is 245 days and interest amount is $1,960.Also round the answer to the nearest hundredth of a percent.

Expert Solution & Answer

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Answer 5

Chapter 10.II, Problem 8TIE

To determine

To calculate: The rate of interest using the ordinary interest method where principal invested is $25,000, time period is 245 days and interest amount is $1,960.Also round the answer to the nearest hundredth of a percent.

Answer 6

Chapter 10.II, Problem 8TIE

To determine

To calculate: The rate of interest using the ordinary interest method where principal invested is $25,000, time period is 245 days and interest amount is $1,960.Also round the answer to the nearest hundredth of a percent.

Answer 7

Chapter 10.II, Problem 8TIE

To determine

To calculate: The rate of interest using the ordinary interest method where principal invested is $25,000, time period is 245 days and interest amount is $1,960.Also round the answer to the nearest hundredth of a percent.

Answer 8

Expert Solution & Answer

Answer 9

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Answer 10

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Answer 11

Ch. 10.I - Find the amount of interest on each of the...Ch. 10.I - Joe Hale goes to a credit union and borrows...Ch. 10.I - Prob. 3TIE Ch. 10.I - Prob. 4TIE Ch. 10.I - a. A loan was made on April 4 and had a due date...Ch. 10.I - a. What is the maturity date of a loan taken out...Ch. 10.I - Prob. 1RE Ch. 10.I - Prob. 2RE Ch. 10.I - Prob. 3RE Ch. 10.I - Prob. 4RE

The rate of interest using the ordinary interest method where principal invested is $ 25 , 000 , time period is 245 days and interest amount is $ 1 , 960 .Also round the answer to the nearest hundredth of a percent.

Solution Summary: The author calculates the rate of interest using the ordinary interest method, where principal invested is 25,000, time period 245 days, and interest amount 1,960.

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To calculate: The rate of interest using the ordinary interest method where principal invested is $25,000, time period is 245 days and interest amount is $1,960.Also round the answer to the nearest hundredth of a percent.

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