Mathematics, 15.04.2021 17:40 WhiteWinterRose

Mrs. Ricky borrowed $5 340 from a bank at 9.5% per annum simple interest for 5 years.
Determine:
(a) the sum of money paid in interest to
the bank
(b) the total amount of money repaid to
the bank
(c) the value of each monthly instalment.

Answers: 1

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Mrs. Ricky borrowed $5 340 from a bank at 9.5% per annum simple interest for 5 years.
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