Mathematics, 12.06.2020 01:57 giovney

Kristen wants to buy a Persian cat. She takes out a loan for $500 for one year. The bank charges her an annual simple interest rate of 8%.

a. How much will she have to pay back at the end of the 1 year?

b. How much interest does she have to pay?

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Kristen wants to buy a Persian cat. She takes out a loan for $500 for one year. The bank charges he...