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Nick borrowed $6500 to help pay for school at a simple interest rate of 2.2%...

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Algebra

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Nick borrowed $6500 to help pay for school at a simple interest rate of 2.2% per year.At the end of five years, determine the following. Hint: Interest - Principal x Rate x Timea. How much did Nick pay in simple interest?b. How much did Nick pay back in all?

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