Use estimation to select the best response in Problems 7-24. Do not calculate. If you purchase an

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Use estimation to select the best response in Problems 7-24.

Do not calculate.

If you purchase an item for \(\$ 1,295\) at an interest rate of \(9.8 \%\), and you finance it for 1 year, then the amount of add-on interest is about A. \(\$ 13\)
B. \(\$ 500\)
C. \(\$ 130\)

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