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If you borrow $700 for 2 years at an annual interest rate of 5%, what is the total amount of money you will pay back?

If you borrow $700 for 2 years at an annual interest rate of 5%, what is the total amount of money you will pay back?
226k views
5 votes
If you borrow $700 for

2 years at an annual
interest rate of 5%,
what is the total
amount of money you
will pay back?

User Hubert Schumacher
by
8.2k points

1 Answer

2 votes

Answer: $770

Explanation:

User Alok Pathak
by
8.3k points
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