Posted by **said** on Tuesday, July 26, 2011 at 2:41pm.

If you purchase an item for $1,263 at an interest rate of 9.8%, and you finance it for 1 year, how much is the amount of add-on interest? (Round your answer to the nearest dollar.)

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**said**, Tuesday, July 26, 2011 at 2:42pm
124

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**Ms. Sue**, Tuesday, July 26, 2011 at 2:46pm
Right.

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