Asked by Areeb
The amount required to settle a $680 debt after 300 days was $730.30. What rate of interest was charged on the debt?
Answers
Answered by
Ms. Sue
I = PRT
50.30 = 680 * R * 0.822
50.3 / 558.9 = R
0.09 = R
50.30 = 680 * R * 0.822
50.3 / 558.9 = R
0.09 = R
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