If you want to earn 15% annual simple interest on an investment, how much should you pay for a note that will be worth $5,400 in 7 months? (Round your answer to two decimal places.) $

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 20E
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If you want to earn 15% annual simple interest on an investment, how much should you pay for a note that will be worth $5,400 in 7 months? (Round your answer to two decimal places.)
$
Transcribed Image Text:If you want to earn 15% annual simple interest on an investment, how much should you pay for a note that will be worth $5,400 in 7 months? (Round your answer to two decimal places.) $
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