Math, asked by aabboody300, 1 month ago

A finance company charges $ 55 simple interest on a sum of money which is borrowed for five months. Given that the rate of interest is 12% per annum, find the sum of money.

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Answered by iniyavan82
2

Step-by-step explanation:

A finance company charges $ 55 simple interest on a sum of money which is borrowed for five months. Given that the rate of interest is 12% per annum, find the sum of money.

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