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17 August, 16:25

Nigel borrows $250 and pays 5.5% simple interest each year. if he pays back the money in one year, what is the total amount that he pay? Write equation and solve.

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  1. 17 August, 16:42
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    Answer: $263.75

    Step-by-step explanation:

    5.5 = 0.055

    250x. 055=263.75
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