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Mathematics, 12.08.2020 05:01 anna2894

A family club keeps a small amount of money on hand for members to borrow for short periods of time. The simple interest charged is 7.5%. Stephen borrowed $5,000 for 3 months. How much, to the nearest dollar, was he required to pay back at the end of 3 months?

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A family club keeps a small amount of money on hand for members to borrow for short periods of time....

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