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3 years ago

15

A bank offers a home improvement loan with simple interest at an annual rate of 12%. J.T. borrows an amount of $14,000 to pay ba

ck over 3 years. How much will he pay back altogether? Explain how you found the total amount.

1 answer:

alisha [4.7K]3 years ago

8 0

12%*14000*3

Which is 5040

Therefore, it will have to pay back $4050

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