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pickupchik [31]
3 years ago
10

Kara invested $1,250 in the production of a friends music cd.her friend paid her back at 6% simple annual interest after 36 mont

hs .how much money did kara get back.
Mathematics
1 answer:
BabaBlast [244]3 years ago
3 0

Answer:

Kara got back = $1475

Step-by-step explanation:

Simple interest (S.I) = Principal* rate* time

Principal= 1250

rate=6%

time= 36/12= 3 years

S.I = 1250*0.06 * 3 = $225

<em>Amount= S.I +Principal</em>

Therefore, Kara got back $1250+225 = $1475

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