Question: Margo borrows $1100, agreeing to pay it back with 5% annual interest after 8 months. How much interest will she pay?Round your answer to the

Margo borrows $1100, agreeing to pay it back with 5% annual

Margo borrows $1100, agreeing to pay it back with 5% annual interest after 8 months. How much interest will she pay?Round your answer to the nearest cent, if necessary.$ ____________

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