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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?

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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