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Margo borrows $700, agreeing to pay it back with 7% annual interest after 11 months. How much interest will she pay? Round your answer to the nearest cent, if necessary.

Margo borrows $700, agreeing to pay it back with 7% annual interest after 11 months. How much interest will she pay? Round your answer to the nearest cent, if necessary.
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4 votes
Margo borrows $700, agreeing to pay it back with 7% annual interest after 11 months. How much interest will she pay? Round your answer to the nearest cent, if necessary.

asked
User Hubert Kario
by
8.3k points

1 Answer

2 votes

Answer:Margo will pay $53.92

Explanation:

answered
User Suitedupgeek
by
9.1k points
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