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3 years ago

8

Nick borrowed $7150, to be repaired at an annual simple interest rate of 6.25%. How much interest will be due after 5 years? How

much will Nick have to repay?

1 answer:

Soloha48 [4]3 years ago

7 0

$2,234.38 after 5 years and he will have to repay $9,384.38.

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