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Village Finance Co. advanced three loans to Kamiko-$3,500 on June 13, $3,100 on August 18,and $2,600 on October 22. Simple interest at 7.90% was charged on all three loans, and all were repaid on December 31 when some bonds that she owned matured. What total amount was required to pay off the loans? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places) Amount required 19

Village Finance Co. advanced three loans to Kamiko-$3,500 on June 13, $3,100 on August 18,and $2,600 on October 22. Simple interest at 7.90% was charged on all three loans, and all were repaid on December 31 when some bonds that she owned matured. What total amount was required to pay off the loans? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places) Amount required 19

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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CH. 7 REVIEW i Book E Print eferences Village Finance Co. advanced three loans to Kamiko-$3,500 on June 13, $3,100 on August 18,and $2,600 on October 22. Simple interest at 7.90% was charged on all three loans, and all were repaid on December 31 when some bonds that she owned matured. What total amount was required to pay off the loans? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. Amount required
Transcribed Image Text:CH. 7 REVIEW i Book E Print eferences Village Finance Co. advanced three loans to Kamiko-$3,500 on June 13, $3,100 on August 18,and $2,600 on October 22. Simple interest at 7.90% was charged on all three loans, and all were repaid on December 31 when some bonds that she owned matured. What total amount was required to pay off the loans? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. Amount required
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