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3 years ago

15

Jackie Rotter took out a loan of $20,000 to be repaid at end of 7 months in one payment with interest at 11 1/2 %. How much was

the interest due? What is the total amount Jackie has to pay back at the end of the loan?

1 answer:

Inessa [10]3 years ago

3 0

The amount of interest due was $2,300
the total amount that had to be paid back was 22,300

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