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07-04-2017
Mathematics

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you borrow $200 from a relative for six months. You agree to pay compound interest at the rate of 1% per month. How much interest will you pay your relative when you return the money at the end of the six months ?

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lizamedynska lizamedynska

07-04-2017

the equasion is I=prt so so it is going to look like this I=200*1%*6 once you solve that you will get 12. you will have pay the relative $12 more

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