Molly borrowed $8,300 for a car at a rate of 7%. What is the amount of interest that she would have to pay back after 1 year? Don't forget that rate MUST be in decimal.

$581

Step-by-step explanation:

You are going to want to use the simple interest formula for this. The one below is modified for solving the interest earned.

P = principal amount

r = interest rate (decimal form)

t = time

The first step is to convert 7% into a decimal:

7% -> -> 0.07

Now, plug in the values:

Molly would have to pay back $581 in interest.

f . i can go whenever i feel like it bc it is confidential meaning only i would know how much i deposited besides the bank and they wouldnt care bc when you make a deposit you are using their services which means they are using there competition and gaining more customers

and if they dont well then thats less customers for them in a less profitable way

plz mark brainliest