If you borrow $5000 and, after 9 months, pay off the loan in the amount of $5500,

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If you borrow $5000 and, after 9 months, pay off the loan in the amount of $5500, what per annum rate of interest was charged?

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Precalculus

ISBN: 978-0321716835

9th edition

Authors: Michael Sullivan

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Question Posted: Jan 15, 2019 11:05 AM

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If you borrow $5000 and, after 9 months, pay off the loan in the amount of $5500,

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P 5000 t 9 months 075 year ...View the full answer

Precalculus

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