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Asked by Kael

Livia borrows $1500 for 6 months. The annual interest rate is 7%.

A. How much simple interest does Livia pay?
B. How much does Livia pay back?
4 years ago

Answers

Answered by oobleck
A: 1500 * 0.07 * 6/12
B: principal + interest
4 years ago
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Question

Livia borrows $1500 for 6 months. The annual interest rate is 7%.

A. How much simple interest does Livia pay?
B. How much does Livia pay back?

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