Kelly borrowed $1000 from the bank at 8% interest. She is to make a lump sum payment at the end of the year. If simple interest is used, what is the total amount she will pay?
Answer: $1,080
Quiz Erect
Business Management
Kelly borrowed $1000 from the bank at 8% interest. She is to make a lump sum payment at the end of the year. If simple interest is used, what is the total amount she will pay?
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