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Find the total amount to be repaid

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Reference no: EM131623024

Qusetion: 1. A bread machine with a cash price of $188 can be purchased with a one-year loan at 10% annual simple interest. Find the total amount to be repaid.

2. Find the exact interest on a loan of $850 at 11% annually. The loan was made January 15 and was due March 1

Reference no: EM131623024

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