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    Contemporary Mathematics
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    Exam 10: Simple Interest and Promissory Notes
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    Lars Was Charged 10
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Lars Was Charged 10

Question 118

Question 118

Short Answer

Lars was charged 10.5% interest and paid $475 interest on a simple interest loan for 30 days from his local bank. How much did he borrow? Use exact interest. (Round to the nearest cent)

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