Simple annual interest, Jennifer borrows 20,900 from her

Simple annual interest

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Reference no: EM13777465

Jennifer borrows 20,900 from her bank to open a flower shop. she agrees to repay in 18 months with simple annual interest of 10.4%.

A) how much must she pay the bank in 18mos

B) how much of the amount in part (a) is interest

Reference no: EM13777465

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