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3 May, 04:42

Margo borrows $1900, agreeing to pay it back with 4% annual interest after 9 months. How much interest will she pay?

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  1. 3 May, 05:09
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    1900*4%

    1900*0.04

    76 (interest for a year)

    76*3/4 (3/4 because 9 months is 3/4 of a year)

    57 (9 months interest)

    Margo will pay $57 in interest
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