Jim borrows $790 for 4 months. He pays a simple interest rate of 6%. How much interest must he pay? Round your answer to the nearest cent if necessary.

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asked Aug 15, 2021 91.7k views

4 votes

Jim borrows $790 for 4 months. He pays a simple interest rate of 6%. How much interest must he pay? Round your answer to the nearest cent if necessary.

Mathematics
high-school

Adiktofsugar asked

by Adiktofsugar

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1 Answer

7 votes

Answer:

Jim will be paid $150 or 30% to his account.

Explanation:

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MiSimon answered Aug 21, 2021

by MiSimon

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