Question
You borrowed $1205 from the bank, which charges 6.9% interest per year simple interest. How much interest did you owe at the end of one year?
How much interest do you owe after a Year?
How much interest do you owe after a Year?
Answers
I = PRT
= 1205(.069)(1) = .....
= 1205(.069)(1) = .....
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