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    $2500 Is Borrowed from a Bank That Charges 10% Simple
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$2500 Is Borrowed from a Bank That Charges 10% Simple

Question 134

Question 134

Multiple Choice

$2500 is borrowed from a bank that charges 10% simple interest. If the money is repaid in 5 1/2 years, how much must be paid back?


A) $3885
B) $3865
C) $3875
D) $3855

Correct Answer:

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