Calculate the amount of money that was loaned at 3.00% per annum for 3 years if the simple interest charged was $675.00.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Question 3 of 10
Calculate the amount of money that was loaned at 3.00% per annum for 3 years if the
simple interest charged was $675.00.
$00
Round to the nearest cent
Transcribed Image Text:Question 3 of 10 Calculate the amount of money that was loaned at 3.00% per annum for 3 years if the simple interest charged was $675.00. $00 Round to the nearest cent
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