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Solve the Problem $\$ 3700$ Is Borrowed At $15.7 \%$ For 3 Months

Question 283

Multiple Choice

Solve the problem.
-Find the simple interest if $\$ 3700$ is borrowed at $15.7 \%$ for 3 months $(0.25 \mathrm{yr})$ .

A) $\$ 14,522.50$
B) $\$ 145.23$
C) $\$ 58.92$
D) $\$ 2323.60$

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