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OpenStudy (anonymous):
Margaret L. Lial borrowed $5,900 from her father to start a shop. She repaid him after 3.5 yrs, with interest rate of 1.24%. a. Find the total interest she repaid: $___________ b. Find the total amount she repaid: $___________
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OpenStudy (anonymous):
$256.06 interest and $6156.06 total amount
OpenStudy (amistre64):
is it simple interest? or compound interest?
OpenStudy (anonymous):
it is simple interest
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