2 years ago

Margo borrows $1700, agreeing to pay it back with 4% annual interest after 6 months. How much interest

Mathematics

1 answer:

fenix001 [56]2 years ago

5 0

Answer:

$1733.67

Step-by-step explanation:

Simple interest rate formula: A = P(1 + r)^t

Simply plug in your known variables

A = 1700(1 + 0.04)^0.5

A = 1733.67

Remember that t is time in years.

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