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Andrea borrowed $3100 from the bank for 10 months. The bank discounted the loan at 5.4%. How much was the interest? (State your result to

Andrea borrowed $3100 from the bank for 10 months. The bank discounted the loan at 5.4%.

How much was the interest? (State your result to the nearest penny.)

How much did Andrea receive from the bank? (State your result to the nearest penny.)

What was the actual rate of interest? (State your result to the nearest hundredth of a percent.)

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