Your roommate asks to borrow $500 and agrees to pay it in 45 days with interest rate of 4%. How much interest will you earn?

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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Your roommate asks to borrow $500 and agrees to pay it in 45 days with interest rate of 4%. How much interest will you earn?

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