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posted by Fishy on Wednesday, June 26, 2013 at 12:29am.
pauline paid $450 simple interest to borrow $20 000. The interest rate was 6% p.a. For what time period did she borrow the money?
I = prt t = I/pr t = (450*100)/(20000*6) t = 45000/120000= .375 t = 3/8
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