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5 votes
You borrow $200 from a relative for six months. You agree to pay compound interest at

the rate of 1% per month. How much interest will you pay your relative when you return the
money at the end of the six months?
a.
$201.00
c.
$12.30
b.
$11.66
d.
$210.00

User Gaponov
by
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1 Answer

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Answer: D (210.00)

Explanation:

According to the formula of compound INTEREST this is correct

User Leomar
by
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