Suppose a man borrowed $300 from a friend and agreed to pay him 20% annual simple interest when he repaid the debt. If he wants to repay the friend back 25 days later, what is the total amount he should pay? Round your answer to the nearest cent.
Suppose a man borrowed $300 from a friend and agreed to pay him 20% annual simple interest when he repaid the debt. If he wants to repay the friend back 25 days later, what is the total amount he should pay? Round your answer to the nearest cent.
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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Suppose a man borrowed $300 from a friend and agreed to pay him 20% annual simple interest when he repaid the debt. If he wants to repay the friend back 25 days later, what is the total amount he should pay? Round your answer to the nearest cent.
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