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A student takes out a short-term loan to pay for tuition, books, and supplies. If the simple interest loan is $3400 at rate of 9%

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A student takes out a short-term loan to pay for tuition, books, and supplies. If the simple interest loan is $3400 at rate of 9% per year for 10 months, find the overall amount that the student must pay back at the end of the 10-month period. The overall amount that the student must pay back at the end of the 10-month period is $306. (Round to the nearest cent as needed.)

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