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Akimi4 [234]
3 years ago
11

A bank offers an annual simple interest rate of 8% on home improvement loans. How much would Tobias owe of he borrowed $17,000 o

ver a period of 2 years?
Mathematics
1 answer:
Marysya12 [62]3 years ago
4 0
Find interest and add that to 1700
I=PRT
T=2
P=17000
R=8%=0.08
I=2(1700)(0.08)
I=272

add
17000+272=17272

total is $17272
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