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To help the marketing department with next year's marketing activities planning, Sara collected some information that would help them prepare the budget. She learned, that

To help the marketing department with next year's marketing activities planning, Sara collected some information that would help them prepare the budget. She learned, that only 2 in 3 loan applications are approved. Their social media advertising showed a very good result of a 5% click-through rate for every impression on the social media advertisement. From those who clicked the advertisement, on average, 15% would fill out the application form on the website. The bank is paying $50 per 100 impressions on social media platforms. Marketing is expecting at least 250 approved loans to come from social media channels.
How many leads (applications) social media platforms should generate to get the desired number of approved loans?

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