Answered

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Jorge borrowed $4000 at 8% simple interest for 11
months. How much interest will he pay? What is the total
amount that he will have to pay back?

Sagot :

hermantamalkire

Answer:

I=4000×0.916666667×8÷100=293.33

Step-by-step explanation:

Therefore, the interest is 4000-293.333333 is equal to 3706.67

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