WitrynaLoans Formula. P 0 = d(1−(1+r k)−Nk) (r k) P 0 = d ( 1 − ( 1 + r k) − N k) ( r k) P0 is the balance in the account at the beginning (the principal, or amount of the loan). d is … WitrynaMath; Advanced Math; Advanced Math questions and answers; The interest charged on a loan was \( \$ 6.50 \) for 30 days. The loan principal was \( \$ 225 \). What rate of simple interest per annum was used? (\% to 2 decimals)

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