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I=$54, P=$900, t=18 months what the asnwer
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I=$54, P=$900, t=18 months what the asnwer

User BartimaeusStern
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1 Answer

5 votes
Assume simple interest.
I=Pin
=>
54=900*i*(18/12)
=>
i=54/900*12/18
=0.04
=4%

Annual simple interest rate is 4%
User AwfulHack
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