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Rus_ich [418]
3 years ago
9

You are starting your own small business in Woodmore Town Center. You borrow $10,000 from the bank at a 9% rate for 5 years.

Mathematics
1 answer:
Anuta_ua [19.1K]3 years ago
6 0
Follow the formula Interest=(Principal)(Rate)(Time)

So, the equation would be:

I= 10,000x0.09x5

This equals $4,500

So, the amount of interest is $4,500
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