friendofthegaus1 friendofthegaus1

10-12-2019
Mathematics

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I borrow $600 for 5 weeks. The amount of interest I pay is $20 per $100 borrowed. What is the APR at which you are borrowing money?

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alyssaschenk alyssaschenk

10-12-2019

Answer:

you borrowed $3,000 and payed $60 in interest

Step-by-step explanation:

600x5= 3000

3000/100= 30

30x20=60

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