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5 votes
hi uhm i need the answer to 750, 7%, 3 years. if you do answer this question please put a step by step on how to do these types of questions bc i didn’t pay attention in class lol, also the answer has to be a decimal

User Cortiz
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2 Answers

4 votes

Answer:

so if you pay 7% interest on 750 for 3 years, you will ( if the price is added to the total amount you pay interest on ) pay 52.50 the first year, 56.18 (56.175) the second, and 60.11 the last, to total up to ABOUT 918.79.

Explanation:

User Hugos
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4.0k points
3 votes

Hi, I do not totally understand the context of the question, but this gives major interest per year vibes, so if you pay 7% interest on 750 for 3 years, you will ( if the price is added to the total amount you pay interest on ) pay 52.50 the first year, 56.18 (56.175) the second, and 60.11 the last, to total up to ABOUT 918.79.

Hope this helps, if not, comment down below please!!!

User Ahmed Boutaraa
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3.7k points