What is the rate of interest when the P.W. of $ 1245 due in 15 months

1.	What is the rate of interest when the P.W. of $ 1245 due in 15 months is $ 1200?
A.	3%
B.	4%
C.	6%
D.	5%
Answer» B. 4%

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What is the rate of interest when the P.W. of $ 1245 due in 15 months is $ 1200?

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