Answered: Margo borrows $500, agreeing to pay it…

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Margo borrows $500, agreeing to pay it back with 8% annual interest after 211 days. 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 3.39TI: Areli invested a principal of $950 in her bank account with interest rate 3%. How much interest did...

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Margo borrows $500, agreeing to pay it back with 8% annual
interest after 211 days. How much interest will she pay?
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