2 years ago

Margo borrows $200, agreeing to pay it back with 8% annual interest after 7 months. How much interest will she pay?

Mathematics

1 answer:

nordsb [41]2 years ago

8 0

Answer:

$9.33

Step-by-step explanation:

Interest = Principal × Rate × Time by 100

Therefore, I = 200×8×7/12 by 100

=16×7/12

=9.33

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