$890 interest was charged on $8900 borrowed on a simple interest basis for eight months. What was...

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$890 interest was charged on $8900 borrowed on a simple interest basis for eight months. What was the interest rate per month on the loan?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:11 AM

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$890 interest was charged on $8900 borrowed on a simple interest basis for eight months. What was...

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Business Mathematics In Canada

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