Answered: A friend asks to borrow $500 and agrees…

Math

Geometry

A friend asks to borrow $500 and agrees to repay it in 60 days with 4% interest. How much interest will you earn?

Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

ChapterP: Preliminary Concepts

SectionP.CT: Test

Problem 1CT

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A friend asks to borrow $500 and agrees to repay it in 60 days with 4% interest. How much interest will you earn?

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