8. If you borrow $200 at 10% for seven
years, how much will you pay back by the
end of the term?​

1 thought on “8. If you borrow $200 at 10% for seven<br />years, how much will you pay back by the<br />end of the term?​”

1. Answer:

   solution, simple interest =p×t×r/100

   =200×7×10/100

   =14000/100

   =140

   pay back = 200+140

   =340

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