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N76 [4]
2 years ago
11

Which one of these is the correct answer?

Mathematics
1 answer:
sukhopar [10]2 years ago
8 0

Answer:

the top answer.............

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Mallory took out a loan for $1500. She paid the loan back in 1 year with 7% simple interest. How much did Mallory pay in total?
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Answer:

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Step-by-step explanation:

Because this is simple interest, you can convert the 7% into a decimal

Because she payed an EXTRA 7% she payed 107% total

107% is the equivalent to 1.07

By multiplying 1500 x 1.07 = 1605

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