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Oduvanchick [21]
3 years ago
15

Joe borrowed 2000$ from a bank at a rate of 7% simple interest per year how much interest did he pay in 5 years?

Mathematics
1 answer:
Svetradugi [14.3K]3 years ago
4 0
1) $700; 2000 x 7% x 5 = $700 interest.

2) $715; $550 x 3% x 10 + 550 = $715 total.
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