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Margo borrows $700, agreeing to pay it back with 6% annual interest after 13 months. How much interest will she pay?
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5 votes
Margo borrows $700, agreeing to pay it back with 6% annual interest after 13 months. How much interest will she pay?

User SAndriy
by
8.4k points

1 Answer

4 votes

Answer: 45.50

Explanation:

You do 0.065*700=45.50 which is your answer you get 0.065 from converting the percentage to a decimal!

User Gamer
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