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Helpppppp for 10points !!!
2 answers:
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Solution:
we are given that
Dan borrowed $750.00(=P) from his brother who is charging him 8% (=r)simple interest.
Dan pays his brother back in 6 months(=t).
we have been asked to find- how much does he have to pay back including the interest?
As we know that
Substitute the values we get
Hence net payable amount is 750+30=$780