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Janelle borrowed $350 from her parents. her parents are charging simple interest rate of 2%. how much will jenelle pay if she pays her parents back in 6 months
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i have a hard time understanding this stuff
If I understand your question correctly then you should multiply the interest by the amount borrowed first. 350x.02=7 Then multiply the 7 by how many months. 7x6=42 Finally add the amount she borrowed and the amount of interest. 350+42=392 I hope I was helpful!
thank you so much i can not thank you enough
You are quite welcome:)
@Ammarilynne
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How much interest will Janelle pay if she pays her parents back in 2 years?
can anyone help me out?
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