Multiple Choice
Use the formula A = P(1 + rt) to find the indicated quantity:
-Allan borrowed $ 5500 from his father to buy a car. He repaid him after 8 months with interest of 7% per year. Find the total amount he repaid.
A) $ 256.67
B) $ 5756.67
C) $ 5724.58
D) $ 5885.00
Correct Answer:
Verified
Correct Answer:
Verified
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