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1 July, 05:38

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

a. $119

b. $120

c. $7.00

d. $1819

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Answers (1)
  1. 1 July, 07:36
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    You are paying 7% interest of what you borrow so multiply what you borrow times 7%

    1700 (.07) = A) 119 in interest

    total paid would be 1700 + 119
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