Barry lends cara $6400. Cara agrees to give barry 5.5% interest every year for four years.
Work out how much interest Cara will pay altogether.
Answers
Answered by
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SI = $1408
Step-by-step explanation:
Given
p = 6400, r = 5.5/100, t = 4 years, SI = ?
Solution
SI = prt = 6400 × 5.5/100× 4 = 1408
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