<PRE><B>Question 643882</B>
find the total cost of a sofa if the ticket price was $950 and the funiture store set up a simple interest loan for 2 years with an interest rate of 6.5%. 
I tried I= 950 times .065 times 2 
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Interest = Prt
Interest = 950*0.065*2 = $123.50
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Total cost = 950+123.5 = $1073.50
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Cheers,
Stan H.
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