Interest % = Interest / Amount Invested * 100
Interest % = 165 / 4400 * 1000
Interest % = 3.75 % is 6 months
Interest per Annum = 3.75 * 2 = 7.5 %
There for Option 4 is Correct answer.
Solve the problem. If $4400 earned simple interest of $165.00 in 6 months, what was the...
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HW17: Problem 7 Next Problem Previous Problem Problem List (4 points) Find the annual simple interest rate of a loan, where $800 is borrowed and where $832 is repaid at the end of 6 months Annual simple interest rate = Submit Answers Preview My Answers You have attempted this problem 0 times. You have unlimited attempts remaining.
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