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Assume that all interest is simple interest.
To purchase two new copiers, the campus bookstore paid $1738 interest on a 12.5% loan for 4 years. Find the principal.
The principal for the loan is S
X
S
Fig: 1
To purchase two new copiers, the campus bookstore paid $1738 interest on a 12.5% loan for 4 years. Find the principal.
The principal for the loan is S
X
S
Fig: 1
