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    A Loan At 75% Appraised Value; The Interest Rate Was 9%; The First Month's Interest Was $405. What Was The Selling Price Of The Property?

    asked 2 years ago

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    9% of x = 405

    9/100 of x = 405

    x = 40500/9

    x = 4500

    x = 75% of y

    4500 = 75/100 of y

    y = 450000/75

    y = 6000

    selling price is $6000

    answered 10 months ago   

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