Christine borrowed $5200 from a bank at a simple interest rate of 2.5% (or 0.025) for one

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Christine borrowed $5200 from a bank at a simple interest rate of 2.5% (or 0.025) for one year.

(a) Determine how much interest Christine paid at the end of 1 year.

(b) Determine the total amount Christine will repay the bank at the end of 1 year.

When appropriate, round answers to the nearest hundredth.

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Question Posted: Jan 12, 2019 08:03 AM

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Christine borrowed $5200 from a bank at a simple interest rate of 2.5% (or 0.025) for one

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