1. Determine the (simple) interest rate at which $980 grows to $1000 in 6 months. 2. At...
Question:
2. At what (simple) interest rate will $1000 grow to $1200 in 5 years?
3. How many years are required for $500 to grow to $800 at 1.5% simple interest?
4. How many years are required for $1000 to grow to $1240 at 2.4% simple interest?
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1 r 00408 408 2 15r1000...View the full answer
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Related Book For 
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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