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    Exam 21: Savings Models
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    A Man Borrowed $29,000 for Two Years Under Simple Interest
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A Man Borrowed $29,000 for Two Years Under Simple Interest

Question 76

Question 76

Short Answer

A man borrowed $29,000 for two years under simple interest. At the end of the two years his balance due was $31,900. What annual simple interest rate did he pay?

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