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8 August, 09:20

If you borrow $800 for 8 years at an annual interest rate of 11%, how much will you pay altogether?

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  1. 8 August, 11:59
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    Step-by-step explanation:

    1. $800 x 8 yrs. = $6,400

    2. the interest = $704

    3. total would be $7,104

    btw to for step 2 this is what i did:

    $800 x 0.11 (the interest rate in a decimal form) = $88 then $88 x 8 years = 704
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