monajama1800 monajama1800

01-04-2018
Mathematics

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If you borrow 1700 at 7%interest how much interest will you pay

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emiliaatkinson emiliaatkinson

01-04-2018

1700 = 100%
1% = 17
In total you’re paying 107% back due to interest
17x7 = 119
1700+119
Total amount paid back is 1819
Amount of interest is 119

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