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Amos borrowed an amount of money from Percy on the condition that he will pay Amos R9 500 in three years’ time. Determine the amount that Amos borrowed if simple interest rate of 8,2% is applicable.
in BNU1501 by Diamond (40.2k points) | 9 views

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A =P (1+in) 9500=P (1+ 3x0.082) 9500=1.246P P= R7624.40
by Wooden (3.5k points)

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