Suppose Steve borrows Ksh.5000 at a simple interest rate of 8% per year. i. Find the formula
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Question:
Suppose Steve borrows Ksh.5000 at a simple interest rate of 8% per year.
i. Find the formula for the amount, A, Mary will owe in y years.
ii. Find the amount Mary will owe in 8 years.
iii.Calculate the amount Mary will owe in 54 months.
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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