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20 June, 17:45

If you borrow $1,700 at 7% simple interest, how much interest will you pay

A $7.00

B $1819

C $119

D 120

+5
Answers (2)
  1. 20 June, 20:37
    0
    I think the correct answer it is D
  2. 20 June, 20:49
    0
    Write an equation. 1700 is your starting rate. 1.07 is your interest (1 is no increase). If you do it for one month

    1700 (1.07) ^1 = 1819

    You will pay $119 or C
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