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30 December, 23:42

Margaret's car loan statement said she would pay $7,683.20 in a simple interest for a 5 year loan at 9.8% how much did Margaret borrow to buy the car

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  1. 31 December, 03:37
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    Answer:15,680

    Step-by-step explanation:

    7,683.207,683.20 = (P) (0.098) (5) = 0.49P

    Dividing both sides by 0.49, we have

    P=7,683.200.49=15,680
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