Question

Jaleia borrows $1500 from the bank. To pay back the loan this year, she will pay the bank the amount she borrowed plus 12% simple interest. Jaleia wants to know the total amount she will pay back


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Answer 1

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Explanation:

Answer 2

$1680

Explanation:

1500=100%

100+12(interest)=112

112=1.12(multiplier)

1500×1.12=$1680