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OpenStudy (anonymous):
dr collins borrowed some money to buy new furniture for her office. She paid 720,00 simple interest on a 7.5 year loan at 16%. what is the principal?
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OpenStudy (anonymous):
Simple interest: I = Prt I =720 r = 0.16 t = 7.5 720 = P * 0.16 * 7.5 Solve for P...
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