A firm purchases several motors at a cost of $8,350 and gives a note bearing an 8% interest rate per annum. The note is due one year later. What is the total amount to be paid on the note?

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The Answer of A firm purchases several motors at a cost of $8,350 and gives a note bearing an 8% interest rate per annum. The note is due one year later. What is the total amount to be paid on the note?

A Firm Purchases Several Motors at a Cost of $8,350