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Andrews [41]
3 years ago
9

dr. lee went to a bank to get a loan for some new furniture for the waiting area at her clinic. she wanted to borrow $5,000 to b

e paid back over 3 years. last week the interest rate was 4.25%. but this week theinterest rate went up to 4.50%. how much additional interest will Dr. lee pay because she waited the extra week
Mathematics
1 answer:
IgorC [24]3 years ago
4 0
5000*(4.50%-4.25%)= 5000*0.25%=12.5 dollars

additional interest is 12.5 dollars.
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