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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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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.

User Zaq
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8.2k points

1 Answer

7 votes

Answer:

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

User Romain Hautefeuille
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