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White raven [17]

3 years ago

11

Moe borrowed $700 for 18 months at 8% simple interest.

2 answers:

Damm [24]3 years ago

5 0

Answer:

A-1008

B-1708

Step-by-step explanation:

8% of 700= 56

56x18=1008

700+1008=1708

34kurt3 years ago

3 0

Simple interest formula:

Interest = principal x rate x time

Principal = $700

Rate = 8% = 0.08

Time = 18/12 = 3/2

Interest = 700 x 0.08 x 3/2

Interest = $84

Total to pay back = 700 + 84 = $784

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Read 2 more answers