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irinina [24]
4 years ago
15

Jose borrowed $20,000 to buy a new speed boat. The interest rate on his loan is 5%. He will pay it back in 3 years. How much int

erest will he pay? What will be the total amount he’ll pay for the boat, including interest?
Mathematics
1 answer:
Fed [463]4 years ago
3 0
There will be $3000 interest. He will pay $23,000 total.
Hope this helps and please give brainliest!
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