QUESTION 1 If $7,000 is borrowed for 6 years at an annual simple interest rate of 8%, find the simple interest that is owed. (Make sure to only enter the interest owed.)
QUESTION 1 If $7,000 is borrowed for 6 years at an annual simple interest rate of 8%, find the simple interest that is owed. (Make sure to only enter the interest owed.)
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Transcribed Image Text:QUESTION 1
If $7,000 is borrowed for 6 years at an annual simple interest rate of 8%, find the simple interest that is owed. (Make sure to only enter the interest owed.)
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