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17 January, 05:31

Dan borrowed $750.00 from his brother who is charging him 8% simple interest. If Dan pays his brother back in 6 months, how much does he have to pay back including the interest?

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  1. 17 January, 05:41
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    If it is not a yearly interest rate, then he pays back $810.

    8% = 8/100 = 0.08; 750 (0.08) = 60; 750+60 = 810.
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