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OpenStudy (pphalke):
Jose buys a new stereo for $875 and pays for it over two years with 6.5% simple interest. What is his monthly payment?
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OpenStudy (photon336):
Simple interest formula \[P*r*t = I \] P = starting amount, r = rate in decimal form, time in years.
OpenStudy (pphalke):
how should I solve
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