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Solve the Problem. -Hannah Borrowed $45,338 at 4.5% Simple Interest for 22 Months

Question 260

Multiple Choice

Solve the problem.
-Hannah borrowed $45,338 at 4.5% simple interest for 22 months. How much will the interest amount to? What is the total amount that she will have to pay back at the end of 22 months?
Round answers to the nearest cent if necessary.


A) $3570.37; $48,908.37
B) $3771.82; $49,109.82
C) $3740.39; $49,078.39
D) $3910.40; $49,248.40

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