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Norma Nowak Has a Hair Salon in the Shopping Center

Question 8

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Norma Nowak has a hair salon in the shopping center. Norma borrowed $4,250 to buy additional equipment for her salon. The loan was for 200 days at 9.1% exact simple interest. How much interest must Norma pay when the 200 days have elapsed? (Use a 365-day year.)

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$4,250 × 0...

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