ahanna82 ahanna82

Today at 8:00 AM
Mathematics

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If you borrow $5.93 for nine years at an interest rate of 6%, how much interest will you pay?

Answer :

rseocharan rseocharan

Today at 8:06 AM

The answer is $3.20
By using the simple interest formula
Simple interest = principal x rate x time (years) all divided by 100

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vilmaecheverria58 vilmaecheverria58

Today at 8:06 AM

i believe the answer is 3.20

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