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31 August, 19:56

Mrs. Jauregui takes out an $8,000 personal loan to restore her antique car. The bank loans her the money at 5.5% simple interest for 4 years. How much will Mrs. Jauregui pay in interest?

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  1. 31 August, 21:42
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    The total amount she will owe after the 4 years is going to be 9,910.60
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