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YanaSidlinskiy

  • one year ago

@Nnesha

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  1. YanaSidlinskiy
    • one year ago
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    I can't message you... So I need your help on this... Shaun borrowed $600 from the bank at 12% interest for 12 months. Including interest, how much did he have to repay?

  2. Nnesha
    • one year ago
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    thats fine so do you now the formula for interest rate ?

  3. YanaSidlinskiy
    • one year ago
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    prt

  4. YanaSidlinskiy
    • one year ago
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    Nvm I got it lol. Thanks for trying though;)

  5. ganeshie8
    • one year ago
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    is it simple interest or compounded ?

  6. Nnesha
    • one year ago
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    I= prt where p = 600 r=12 (need in decimal form 12/100) t= time solve for `I`

  7. Nnesha
    • one year ago
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    what did you get ? i want to check my answer :3 ....

  8. YanaSidlinskiy
    • one year ago
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    It's simple interest...

  9. YanaSidlinskiy
    • one year ago
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    600*12*1=72.... 600+72=672

  10. Nnesha
    • one year ago
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    it's 12% you need to convert into decimal so divide 12 by100 and then multiply them

  11. Nnesha
    • one year ago
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    72 looks right but why did you add 600+72 hmmm :o

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