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Solve the Given Problem, Using a Decimal Equation and the Formula

Question 37

Multiple Choice

Solve the given problem, using a decimal equation and the formula I = PRT: How much money could you borrow at 6.5% for 4 years if you were to pay $1,955.20 in interest?


A) $26.07
B) $7,520
C) $752
D) $260.69

Correct Answer:

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