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sleepylikejasmine
sleepylikejasmine sleepylikejasmine
  • 28-11-2016
  • Mathematics
Answered

Diana takes a loan of $10,000 on 3% interest rate. She plans to pay the loan off after 2 years. Calculate the simple interest.

Verified Answer :

mayadupey
mayadupey mayadupey
  • 28-11-2016

Interest = $600.00

$10,000 × 0.03 × 2 = $600.00

you would now owe $10600.00

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