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OpenStudy (anonymous):
PLEASE HELP!!!! Must be missing a step?? Irene borrowed $2,200 for three months at an annual rate of 11.25% under a single-payment plan. How much interest must she pay?
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OpenStudy (anonymous):
I already know $247.50 is 11.25% of $2,200. But the test says that's incorrect and the book doesn't have an example in it. I think I'm missing a step but I don't know what it could be.
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