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Simple Interest Resources

Mr Bashir bought a mobile phone and paid Rs.1000 down payment and agree to pay Rs.7000 in 6 months . If rate of interest is 6% .what was the cash price of mobile?

Debt payments of $1,150 and $2,000 are due in five months and nine months, respectively. What single payment is required to settle both debts in one month? Assume a simple interest rate of 5.20% p...

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