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arlik [135]
3 years ago
13

time=6 years intrest rate=2.7% original amount of loan=$1,250 what amount of sinple interest will be paid on the loan

Mathematics
1 answer:
svetlana [45]3 years ago
7 0
Simple interest formula: I=prt
t=6yrs
p=1250
r=2.7%

I=prt
I=(1250)(.027)(6)
I=202.50

Simple interest paid will be $202.50
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