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Sam Sounds received a $290 discount loan to purchase a stereo. The loan was offered at 16% for 90 days. Find the interest in dollars and the proceeds for the following problem.

The interest is ??? 10.60,11.60,12.60

The proceeds are ??? 278.40, 278.40, 279.40

1 Answer

3 votes
I think the interest is 10.60.
And the proceeds are 278.40.
User Mileta Dulovic
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