SOLUTION: i borrowed 500.00, then paid back 525.00 in 30 days. what's the interest?
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Question 424006
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i borrowed 500.00, then paid back 525.00 in 30 days. what's the interest?
Answer by
robertb(5830)
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The interest is 25.00. Time is 1/12 of a year.
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The interest rate is 60%.