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r-ruslan [8.4K]

3 years ago

14

A repairperson buys a new heavy-duty electric drill with installment payments. The initial cost of the drill is $300. The repair

person makes six payments. The total payments for the drill add up to $324. How much interest does the repairperson pay?

1 answer:

Schach [20]3 years ago

3 0

He pays $24 interest

the percentage interest would be 24/300 ×100 = 8% interest

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