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29 December, 22:04

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

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Answers (2)
  1. 29 December, 22:23
    0
    The answer is $3.20

    By using the simple interest formula

    Simple interest = principal x rate x time (years) all divided by 100
  2. 29 December, 22:27
    0
    I believe the answer is 3.20
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