|Find the annual simple interest rate of a loan, where $900 is borrowed and where $954 is repaid at the end of 7 months. Annual simple interest rate = %. %3D

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.1: Exponential Functions
Problem 53E: Interest Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and...
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|Find the annual simple interest rate of a loan, where $900 is borrowed and where $954 is repaid at
the end of 7 months.
Annual simple interest rate = %.
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Transcribed Image Text:|Find the annual simple interest rate of a loan, where $900 is borrowed and where $954 is repaid at the end of 7 months. Annual simple interest rate = %. MacBook Air DD 80 888 F6 F7 F8 F9 F5 F4 F3 * & # 2$ 3 4 7 E R T Y H J * 00 < CO
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