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17 August, 17:39

Miguel Rodriguez borrowed $200 from his brother Julio to pay for his books and tuition. He agreed to pay Julio in 6 months with simple annual interest at 6.1%.

a) How much will the interest amount to?

b) What amount must Miguel pay Julio at the end of 6 months?

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  1. 17 August, 18:01
    0
    A - the interest will be $12.20

    B - $212.20
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