2 years ago

Mrs. Johnson borrows $1400 with an interest rate of 5.5%. How much interest does she pay if she pays off the debt in 8 months?

1 answer:

6 0

Answer:

$616 in debt

Step-by-step explanation:

5.5% is equal to 0.055 so you multiply that by $1400 to get $77.

$77 is the interest rate.

You then multiply $77 by 8 months.

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