Margo borrows $1500, agreeing to pay it back with 4% annual interest after 7 months. How much interest will she pay? Round your answer to the nearest cent, if necessary. $
Margo borrows $1500, agreeing to pay it back with 4% annual interest after 7 months. How much interest will she pay? Round your answer to the nearest cent, if necessary. $
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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Transcribed Image Text:Margo borrows $1500, agreeing to pay it back with 4%
annual interest after 7 months. How much interest will
she pay?
Round your answer to the nearest cent, if necessary.
$
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