Elias borrowed money from a friend at 14% interest per month How much interest will he pay after 6 months
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Elias borrowed money from a friend at 14% interest per month How much interest will he pay after 6 months
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Answer:
If Elias borrowed money from a friend at 14% interest per month, he will pay a total of 14% x 6 months = 84% interest after 6 months. If he borrowed a specific amount of money, you can multiply that amount by 84% to determine the total interest he will pay after 6 months.