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Margo borrows $ 1 0 0 , agreeing to pay it back
Undergraduate
Margo borrows $ 1 0 0 , agreeing to pay it back with 7 % annual interest after 1 3 months. How much interest will
Margo borrows $
1
0
0
,
agreeing to pay it back with
7
%
annual interest after
1
3
months. How much interest will she pay?
Round your answer to the nearest cent, if necessary.
5
Step by Step Solution
1
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