What rate of interest did receive over a period

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Problem 1: What rate of interest did you receive over a period of 90 days if your principal was $5,000.00 and it has a maturity value of $6,000.00?

Problem 2: What principal will have a maturity value of $61,500.00 at 6.5% p.a. in 17 months?

Problem 3: In how many months will $9,100.00 grow to $9,818.75 at 6.41% p.a.?

Problem 4: Kennedy owed $925.00 to his friend a year ago and owed $600.00 to another friend 6 months ago. If he clears his debt today, what total payment is he expected to make, if the simple interest of 20% is applicable?

Reference no: EM132811099

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