Mark M. answered • 07/21/17
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Financed (0.80)($650) or $520
i = 520(0.075)(2/3)
Can calculate and answer?
Jessica G.
asked • 07/21/17Simple Interest
The owners of a marina bought 6 canoes to be used as rentals at a cost of $650 per canoe. They borrowed 80% of the total cost for 8 months at 7 1/2% interest. Find the amount due using simple interest. Round to the nearest cent as needed.
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