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example 2 Credit Card Debt Chapter 2.1 It is hard for some people to pay off credit card debts in a reasonable period of time because of high interest rates. The interest paid on a $10,000 debt over 3 years is approximated by when the interest rate is x%. What is the interest rate if the interest is $1637.60? (Source: Consumer Federation of America) 2009 PBLPathways

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It is hard for some people to pay off credit card debts in a reasonable period of time because of high interest rates. The interest paid on a $10,000 debt over 3 years is approximated by when the interest rate is x%. What is the interest rate if the interest is $1637.60? (Source: Consumer Federation of America)

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2009 PBLPathways It is hard for some people to pay off credit card debts in a reasonable period of time because of high interest rates. The interest paid on a $10,000 debt over 3 years is approximated by when the interest rate is x%. What is the interest rate if the interest is $1637.60? (Source: Consumer Federation of America) interest rate in percent amount of interest in dollars

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2009 PBLPathways It is hard for some people to pay off credit card debts in a reasonable period of time because of high interest rates. The interest paid on a $10,000 debt over 3 years is approximated by when the interest rate is x%. What is the interest rate if the interest is $1637.60? (Source: Consumer Federation of America) interest rate in percent amount of interest in dollars

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2009 PBLPathways It is hard for some people to pay off credit card debts in a reasonable period of time because of high interest rates. The interest paid on a $10,000 debt over 3 years is approximated by when the interest rate is x%. What is the interest rate if the interest is $1637.60? (Source: Consumer Federation of America) interest rate in percent amount of interest in dollars

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2009 PBLPathways It is hard for some people to pay off credit card debts in a reasonable period of time because of high interest rates. The interest paid on a $10,000 debt over 3 years is approximated by when the interest rate is x%. What is the interest rate if the interest is $1637.60? (Source: Consumer Federation of America) interest rate in percent amount of interest in dollars

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2009 PBLPathways It is hard for some people to pay off credit card debts in a reasonable period of time because of high interest rates. The interest paid on a $10,000 debt over 3 years is approximated by when the interest rate is x%. What is the interest rate if the interest is $1637.60? (Source: Consumer Federation of America) interest rate in percent amount of interest in dollars

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2009 PBLPathways It is hard for some people to pay off credit card debts in a reasonable period of time because of high interest rates. The interest paid on a $10,000 debt over 3 years is approximated by when the interest rate is x%. What is the interest rate if the interest is $1637.60? (Source: Consumer Federation of America) interest rate in percent amount of interest in dollars

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2009 PBLPathways It is hard for some people to pay off credit card debts in a reasonable period of time because of high interest rates. The interest paid on a $10,000 debt over 3 years is approximated by when the interest rate is x%. What is the interest rate if the interest is $1637.60? (Source: Consumer Federation of America) interest rate in percent amount of interest in dollars

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2009 PBLPathways It is hard for some people to pay off credit card debts in a reasonable period of time because of high interest rates. The interest paid on a $10,000 debt over 3 years is approximated by when the interest rate is x%. What is the interest rate if the interest is $1637.60? (Source: Consumer Federation of America) interest rate in percent amount of interest in dollars

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2009 PBLPathways It is hard for some people to pay off credit card debts in a reasonable period of time because of high interest rates. The interest paid on a $10,000 debt over 3 years is approximated by when the interest rate is x%. What is the interest rate if the interest is $1637.60? (Source: Consumer Federation of America) interest rate in percent amount of interest in dollars

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2009 PBLPathways It is hard for some people to pay off credit card debts in a reasonable period of time because of high interest rates. The interest paid on a $10,000 debt over 3 years is approximated by when the interest rate is x%. What is the interest rate if the interest is $1637.60? (Source: Consumer Federation of America) interest rate in percent amount of interest in dollars An interest rate of about 10% on a credit card debt of $10,000 over 3 years will result in interest of $1637.60.

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2009 PBLPathways It is hard for some people to pay off credit card debts in a reasonable period of time because of high interest rates. The interest paid on a $10,000 debt over 3 years is approximated by when the interest rate is x%. What is the interest rate if the interest is $1637.60? (Source: Consumer Federation of America) interest rate in percent amount of interest in dollars An interest rate of about 10% on a credit card debt of $10,000 over 3 years will result in interest of $1637.60.

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