calebmoore925
13.12.2019 •
Mathematics
If you borrow $308 for one year at an interest rate of 6% compounded annually, how much interest will you pay?
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Ответ:
$18.48
Step-by-step explanation: The formula for interest is I = PRT, where I equals interests, P equals the principle, R equals the rate and T is Time.
I = 308 x .06 x 1
I = $18.48
You will pay $18.48 interest for one year.
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