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tiny-mole [99]
3 years ago
15

Margo borrows $400, agreeing to pay it back with 5% annual interest after 6 months. How much interest will she pay?

Mathematics
2 answers:
nadezda [96]3 years ago
7 0
$20 of interest. An easy way to think about this problem is first to solve for 10 percent which is easy because you just move the decimal to the left one place, then 5% is half of 10% which is equal to 40 so 40 divided by 2 equals 20
pochemuha3 years ago
3 0

20$ of interest 100 divided by 5= 20$$$$


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