Mat 126 Week 4 quiz

Question :

Dr. Collins borrowed some money to buy new furniture for her office. She paid $720.00 simple interest on a 7.5-year loan at 16%. Find the principal.

Student Answer:

$750

$500

$600

$700

Instructor Explanation:

See section 9.2 of the textbook.???

Mat 126 Week 4 Quiz

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