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liq [111]
3 years ago
7

If you borrow $700 for one year at an interest rate of 8% p.a, how much interest will you pay every month?

Mathematics
1 answer:
snow_tiger [21]3 years ago
5 0

Answer:

$4.7 (approx)

Step-by-step explanation:

Simple interest = (principle * time * rate) / 100

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