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Margo borrows $900, agreeing to pay it back with 2% annual interest after 6 months. how much interest will she pay?
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Margo borrows $900, agreeing to pay it back with 2% annual interest after 6 months. how much interest will she pay?

User ChrisRob
by
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1 Answer

6 votes
12/2 = 6 months
2% / 2 = 1%

$900 x 1.01% = $909
User Avenmore
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7.7k points
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