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Fred bought some furniture having a price tag of 600 Fred had to pay 17 percent interest for 6 months How much more would Fred pay when the time is up?
Wiki User
∙ 14y ago
17 percent of 600 is (0.17 times 600) = 102. That amount would be added to the 600, for a total of 702, if Fred paid nothing until the end of the 6 months. (With an annualized interest rate of 34%, it would be quite foolish to take possession of anything on that basis.)
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∙ 14y ago
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