The interest rate is 4<span />
It is the third bubble
Hope i helped!
Answer:
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Step-by-step explanation:
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Answer:
Interest = $75
Total to pay back = $375
Step-by-step explanation:
The total amount she will have to pay back is found by the formula:
= Amount borrowed * (1 + rate * years)
= 300 * ( 1 + 5% * 5)
= $375
The interest is therefore:
= Amount to be paid back - Amount borrowed
= 375 - 300
= $75
