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2 years ago

6

A friend asks to borrow $250 for 18 months and agrees to pay 12% annual simple interest. How much interest will you earn? Round

your answer to the nearest dollar.

1 answer:

german2 years ago

7 0

Answer: $29.70

Step-by-step explanation:

250 times the annual interest (12%) is converted to 250 times .12 = 29.70

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