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QUESTION
Yue Chen borrowed some money from the bank at an 11% annual rate for 5 years. She paid $1,375 in interest. How much money did she borrow when she applied for the loan?
Yue Chen borrowed some money from the bank at an 11% annual rate for 5 years. She paid $1,375 in interest. How much money did she borrow when she applied for the loan?
