Compute the rate for the following loan. Use ordinary interest. (Round answer to the nearest tenth percent)
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Question:
Compute the rate for the following loan. Use ordinary interest. (Round answer to the nearest tenth percent)
Principal | Rate | Time | Interest |
$16,000 | 15 months | $1,700 |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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