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February 1, 2015

February 1, 2015

Posted by **John** on Thursday, March 1, 2012 at 6:54pm.

- Algera -
**MathMate**, Thursday, March 1, 2012 at 7:31pmHint:

Simple interest

=Prt

P=principal (what was borrowed)

r=rate of interest, 0.17=17%

t=time in years (for yearly interest rate)

I think she should negotiate a bank load at a lower interest than that.

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