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    Mathematics
  3. Study Set
    Contemporary Mathematics
  4. Exam
    Exam 10: Simple Interest and Promissory Notes
  5. Question
    Jake Borrowed $1,200 for Six Months at a Rate of 7
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Jake Borrowed $1,200 for Six Months at a Rate of 7

Question 6

Question 6

True/False

Jake borrowed $1,200 for six months at a rate of 7%.
​
On the due date, Jake will own $1242.​

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