Solution-What was the loan term, Mary borrowed $7250 at an

What was the loan term

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Mary borrowed $7250 at an annual simple interest rate of 15.50 percent. She repaid the loan by paying a lump sum of $7394.70. What was the loan term?

Reference no: EM132524073

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What was the loan term : Mary borrowed $7250 at an annual simple interest rate of 15.50 percent. She repaid the loan by paying a lump sum of $7394.70. What was the loan term?

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What was the loan term

Reference no: EM132524073

Reference no: EM132524073

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