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4 years ago

7

Nigel borrows $250 pays 5.5%simple interest each year. if he pays back the money in on year what is the total amount that he pay

s

1 answer:

Ivanshal [37]4 years ago

4 0

I = P x R x T
I = 250 x .055 x 1
I = 13.75

I + P = Total amount paid
$250 + $13.75 =Total amount paid
$263.75= Total amount paid

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