A local company charges a 3.5% restocking fee for all returned items.  What would be the fee amount for a $220 item that was returned?

Intermediate Algebra
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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  1. A local company charges a 3.5% restocking fee for all returned items.  What would be the fee amount for a $220 item that was returned?



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