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  • 07-03-2022
  • Business
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If you borrowed​ $8,700 at​ 6% for one​ year, what would your total interest be if you are charged simple​ interest?

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musiclover10045
musiclover10045 musiclover10045
  • 07-03-2022

Multiply the amount borrowed by the interest rate:


8,700 x 0.06 = 522


Answer: $522

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