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margo borrows $800, agreeing to pay it back with 5% annual interest after 7 months. how much interest will she pay?
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38 votes
38 votes
margo borrows $800, agreeing to pay it back with 5% annual interest after 7 months. how much interest will she pay?

User Rostislav Shtanko
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1 Answer

11 votes
11 votes

Answer:

23

Step-by-step explanation:

800 * 5% * (7/12) = 23.333

dividing 7 by 12 coz there r 12 months in a year and she is paying for 7.

User Beggarman
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