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26 February, 01:58

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

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  1. 26 February, 02:28
    0
    Assume simple interest.

    I=Pin

    =>

    54=900*i * (18/12)

    =>

    i=54/900*12/18

    =0.04

    =4%

    Annual simple interest rate is 4%
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