Rikki borrowed $2500 from her daughter, Lynette. She repaid the $2500 at the end of 2 years.
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Rikki borrowed $2500 from her daughter, Lynette. She repaid the $2500 at the end of 2 years. If Lynette had left the money in a bank account that paid an interest rate of 1.5% compounded monthly, how much interest would she have accumulated?
If necessary, round all dollar figures to the nearest cent and round percents to the nearest hundredth of a percent.
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Related Book For
A Survey Of Mathematics With Applications
ISBN: 9780135740460
11th Edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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