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

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

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User BartimaeusStern
by
8.0k points

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%
answered
User AwfulHack
by
8.3k points
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