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A woman uses a loan program for small businesses to obtain a loan to help expand her vending machine business. The woman borrows $27,000 for 2 years with a simple interest rate of 1.3%. Determine the amount of money the woman must repay after 2 years. The woman must repay $

A woman uses a loan program for small businesses to obtain a loan to help expand her vending machine business. The woman borrows $27,000 for 2 years with a simple interest rate of 1.3%. Determine the amount of money the woman must repay after 2 years. The woman must repay $

Elementary Algebra
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 3.43TI: Sean’s new car loan statement said he would pay $4,866.25 in interest from an interest rate of 8.5%...
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A woman uses a loan program for small businesses to obtain a loan to help expand her vending machine business. The woman borrows $27,000 for 2 years with a simple interest rate of 1.3%. Determine the amount of money the woman must repay after 2 years. The woman must repay $
Transcribed Image Text:A woman uses a loan program for small businesses to obtain a loan to help expand her vending machine business. The woman borrows $27,000 for 2 years with a simple interest rate of 1.3%. Determine the amount of money the woman must repay after 2 years. The woman must repay $
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