A payday loan is made for five weeks, where the amount of interest owed per $100 borrowed is $20. If you borrow $1100 for five weeks, how much do you owe at the end of the five weeks?
A payday loan is made for five weeks, where the amount of interest owed per $100 borrowed is $20. If you borrow $1100 for five weeks, how much do you owe at the end of the five weeks?
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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A payday loan is made for five weeks, where the amount of interest owed per $100 borrowed is $20. If you borrow $1100 for five weeks, how much do you owe at the end of the five weeks?
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