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Business, 01.07.2019 12:00 keke6361

High interest rates make it difficult for people to pay off credit card debt in a reasonable period of time. the interest i (in dollars) paid on a $10,000 debt over 3 years when the interest rate is r% can be approximated by the equation shown below.â i 175.393 + 0.663= r if the credit card interest rate is 18.4%, find the amount of interest paid during the 3 years.

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