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Damon convinced his aunt to lend him $7.400 to purchase a plasma digital TV. She has agreed to charge only 8 percent simple interest, and

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Damon convinced his aunt to lend him $7.400 to purchase a plasma digital TV. She has agreed to charge only 8 percent simple interest, and he has agreed to repay the loan at the end of one year How much interest will he pay for the year? Interest amount

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