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 Commercial Arithmetic 2 Video Questions and Answers

Mr Ngeny borrowed sh.560,000 from a bank to buy a piece of land .He was required to repay the loan with simple interest for a period of 48 months .The repayment amounted to sh.21,000 per month. Calculate (a) The interest paid to the bank. (b) The rate per annum of the simple interest

 (3m 4s)
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