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11 April, 15:20

A friend asks to borrow $250 for 18 months and agrees to pay 12% annual simple interest. How much interest will you earn? Round your answer to the nearest dollar.

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  1. 11 April, 15:58
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    Answer: $29.70

    Step-by-step explanation:

    250 times the annual interest (12%) is converted to 250 times. 12 = 29.70
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