Elmer borrowed $3150 from his brother Julio to pay for books and tuition. He agreed to repay

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Elmer borrowed $3150 from his brother Julio to pay for books and tuition. He agreed to repay Julio in 6 months with simple annual interest at 4%.

(a) How much will the interest amount to?

(b) What amount must Elmer pay Julio at the end of the 6 months?

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College Algebra

ISBN: 978-0134697024

12th edition

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

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Question Posted: Feb 11, 2019 05:42 AM

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Elmer borrowed $3150 from his brother Julio to pay for books and tuition. He agreed to repay

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a Here r 004 P 3150 and t 612 12 ...View the full answer

College Algebra

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