SOLUTION: a money leader charged 0.06 time of his money as interest for 8 month find the rate of interest per annual

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Question 1016734: a money leader charged 0.06 time of his money as interest for 8 month find the rate of interest per annual
Answer by FrankM(1040) About Me  (Show Source):
You can put this solution on YOUR website!
(12/8)*.06 = .09
12 months in a year forms the ratio 12/8