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March 24, 2017

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Abe Wolf bought a new kitchen set at Sears. Abe paid off the loan after 64 days with an interest charge of $12. If Sears charges 9% interest.




What did Abe pay for the kitchen set (assume 360 days

  • Business Math - ,

    I = PRT

    12 = P * 0.09 * 0.1753

    12 = 0.01578P

    12/0.01578 = P

    $760.46 = P

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