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Mia agrees to borrow a 3-year loan with 4% simple interest to buy a motorcycle. Part A If Mia will pay a total of $444 in interest, how much money did she initially borrow? Ente…

Mia agrees to borrow a 3-year loan with 4% simple interest to buy a motorcycle. Part A If Mia will pay a total of $444 in interest, how much money did she initially borrow? Ente…
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1 vote
Mia agrees to borrow a 3-year loan with 4% simple interest to buy a motorcycle.

Part A
If Mia will pay a total of $444 in interest, how much money did she initially borrow? Enter your answer in the box.

$

Part B
How much interest would Mia pay if the simple interest rate were 5%? Enter your answer in the box.

asked
User Laure
by
8.4k points

1 Answer

3 votes

Answer:

part a: she borrowed 3,700

part b: she would pay 555 interest

Explanation:

answered
User Tamas Kovacs
by
7.7k points
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