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1 February, 12:14

If you borrow $1,700 at 7% simple interest, how much interest will you pay

A $7.00

B $1819

C $119

D 120

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Answers (2)
  1. 1 February, 12:24
    0
    I think the correct answer it is D
  2. 1 February, 12:26
    0
    Write an equation. 1700 is your starting rate. 1.07 is your interest (1 is no increase). If you do it for one month

    1700 (1.07) ^1 = 1819

    You will pay $119 or C
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