Margo borrows $200, agreeing to pay it back with 8% annual interest after 7 months. How much interest will she pay?

asked Apr 26, 2023 193k views

3 votes

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4 votes

Answer:

$9.33

Explanation:

Interest = Principal × Rate × Time by 100

Therefore, I = 200×8×7/12 by 100

=16×7/12

=9.33

ManuelMB answered Apr 30, 2023

5.4k points

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