Margo borrows $1900, agreeing to pay it back with 5% annual interest after 15 months. How much interest will she pay?

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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Margo borrows $1900, agreeing to pay it back with 5% annual interest after 15 months. How much interest will she pay?

Round your answer to the nearest cent, if necessary.

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