If you borrow $100 for 5 years at an annual interest rate of 8%, how much will you pay all together

Sielakos asked Aug 17, 2023

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6 votes

Sielakos asked Aug 17, 2023

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25 votes

Answer:

$140

Explanation:

interest = 8x5 = 40

total = time + interest

total = 100 + 40 = $140

Mneumann answered Aug 23, 2023

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