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If a person earns $120 as simple interest on a principal of $800 in 2 years, wha
Practice Questions
Q1
If a person earns $120 as simple interest on a principal of $800 in 2 years, what is the rate of interest per annum?
5%
6%
7.5%
8%
Questions & Step-by-Step Solutions
If a person earns $120 as simple interest on a principal of $800 in 2 years, what is the rate of interest per annum?
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