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Instead of the installment plan, suppose the Sanchez family went to the bankand borrowed $273 with 8% interest.

Instead of the installment plan, suppose the Sanchez family went to the bankand borrowed-example-1
User Amr Rady
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8. Amount of interest: $273*8% = $21.84

9. Total amount: $273 + $21.84 = $294.84

User Phasmid
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