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Consider the addition problem. Note that the denominators are opposites of each other. If the property is applied to the second fraction, we have Thus we proceed as follows: Use this approach to do the following problem.
Student Loans
Funds lent to students to help cover the cost of post-secondary education, which typically have to be repaid after graduation.
Interest Rates
The percentage of a sum of money charged for its use, typically expressed on an annual basis.
Student Loans
Loans offered to students to help cover the cost of post-secondary education expenses.
Simple Interest
Interest calculated only on the principal amount, without compounding over time.
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