SOLUTION: Margo borrows P200, agreeing to pay it back with 4% annual interest after 14 months. How much interest will she pay?

Question 1182195: Margo borrows P200, agreeing to pay it back with 4% annual interest after 14 months. How much interest will she pay?
Answer by ikleyn(52787) (Show Source): You can put this solution on YOUR website!
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Margo borrows P200, agreeing to pay it back with 4% annual interest after 14 months.
How much interest will she pay?
~~~~~~~~~~~~~~~~~~~~~~~~~~~


14 months =   of an year.


    The interest  I =   =  =  =  = 9  = 9.33 dollars.

Solved.

On simple interest problems, see the lesson
- Simple interest percentage problems
in this site.

Learn the subject from there.

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