aubreyprice56
aubreyprice56 aubreyprice56
  • 08-05-2017
  • Mathematics
contestada

You plan to borrow $625 for 2 years at 10% simple interest.
How much interest will you pay on the loan?

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 08-05-2017
Total interest=principle×interest rate×time
Total interest=625×0.10×2=125
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