In 1520, the principal P is borrowed and the loans future
Chapter 8, Problem 18(choose chapter or problem)
In Exercises 15 - 20, the principal P is borrowed and the loan's future value, A, at time t is given. Determine the loan's simple interest rate, r, to the nearest tenth of a percent.
P = $10,000, A = $14,060, t = 2 years
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