Answered: Margo borrows $1900, agreeing to pay it…

Math

Algebra

Margo borrows $1900, agreeing to pay it back with 5% annual interest after 15 months. How much interest will she pay?

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 3.40TI: Susana invested a principal of $36,000 in her bank account with interest rate 6.5%. How much...

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Margo borrows $1900, agreeing to pay it back with 5% annual interest after 15 months. How much interest will she pay?

Round your answer to the nearest cent, if necessary.

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