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Jessica took out a $19,000 demand loan at 7% simple interest.She paid off the loan with a $2600 payment in 4 months, a $8000 payment
Jessica took out a $19,000 demand loan at 7% simple interest.She paid off the loan with a $2600 payment in 4 months, a $8000 payment in 10 months and a final payment in 15 months.
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To solve this problem we can use the formula for simple interest I Prt where I is the interest P is ...
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