Answered: Ken borrowed $2000 from Sam at 8% per…

Ken borrowed $2000 from Sam at 8% per annum. After 6 years he cleared the amount by giving $2600 cash and a watch. Find the cost of the watch.

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter3: Math Models

Section3.2: Solve Percent Applications

Problem 3.39TI: Areli invested a principal of $950 in her bank account with interest rate 3%. How much interest did...

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Ken borrowed $2000 from Sam at 8% per annum. After 6 years he cleared the amount by giving $2600 cash and a watch. Find the cost of the watch.

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