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sveta [45]
3 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?
Mathematics
1 answer:
REY [17]3 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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