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28 February, 15:45

If you borrow 1700 at 7%interest how much interest will you pay

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  1. 28 February, 16:53
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    1700 = 100%

    1% = 17

    In total you’re paying 107% back due to interest

    17x7 = 119

    1700+119

    Total amount paid back is 1819

    Amount of interest is 119
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