Margo borrows $2000, agreeing to pay it back with 7% annual interest after 11 months. How much interest will she pay? Round your answer to the nearest cent, if necessary. Question Help: M Message instructor Submit Question

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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Margo borrows $2000, agreeing to pay it back with 7% annual interest after 11 months. How much
interest will she pay?
Round your answer to the nearest cent, if necessary.
Question Help: Message instructor
Submit Question
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Transcribed Image Text:Margo borrows $2000, agreeing to pay it back with 7% annual interest after 11 months. How much interest will she pay? Round your answer to the nearest cent, if necessary. Question Help: Message instructor Submit Question MacBook F9 O00 B00 F4 F3 F2 & * 24 4 @ %23 6 8 3 R T Y S D F G V N M C B ミ
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