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2 June, 20:44

A repairperson buys a new heavy-duty electric drill with installment payments. The initial cost of the drill is $300. The repairperson makes six payments. The total payments for the drill add up to $324. How much interest does the repairperson pay?

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  1. 2 June, 21:13
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    He pays $24 interest

    the percentage interest would be 24/300 * 100 = 8% interest
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