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Fittoniya [83]
3 years ago
9

Find the simple interest Jay owes on a five-year student loan of $48,000 with an annual interest rate of 5%.

Computers and Technology
1 answer:
borishaifa [10]3 years ago
3 0
Use the equation I=prt where interest = principal times rate times time.

Fill it out, it becomes I= 48000(.05)(5)

I= 12000
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