SC READY Math Grade 7 Practice Questions - South Carolina READY Grade 7 Mathematics Assessment Exam

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Samantha borrows $1,200.00 at a simple interest rate of 5% per year for 2 years. What total amount must she pay back (principal plus interest)?

$$120.00 $$1,260.00 $$1,320.00 $$1,440.00

Correct Answer:

$$1,320.00

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