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What is the working and answer for finding the simple interest of 16000 30 months and 5 percent?
Updated: 4/28/2022
Wiki User
∙ 12y agoBest Answer
"5 percent" means 5 percent per year.
30 months = 2.5 years.
2.5 times 5 percent = 12.5 percent = 0.125
0.125 x 16,000 = 2,000
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∙ 12y agoThis answer is:
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