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4 years ago

13

Clark took out a $5000 personal loan from a bank. He has to pay an annual interest of 10%. How much interest will clark pay at t

he end of the year?

1 answer:

REY [17]4 years ago

3 0

Here is the formula for simple interest: I=prt

So plug it in,
I=5000(.1)(1)
I= 500

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