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Nigel borrows $250 and pays 5.5% simple interest each year. if he pays back the money in one year, what is the total amount that he pay?
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Nigel borrows $250 and pays 5.5% simple interest each year. if he pays back the money in one year, what is the total amount that he pay?

User Abir Ahsan
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1 Answer

3 votes
The simple interest is 13.75
User Marktani
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