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weqwewe [10]
4 years ago
12

You borrow $1,000 on a simple interest loan. You pay an annual rate of 3.5%. You will take 3 years to pay back the loan. How muc

h interest will you pay?
Mathematics
2 answers:
Nookie1986 [14]4 years ago
7 0
The interest you will pay which in my case which is you Ghnjmkjhgj is $105 hope you're happy with the answer :]
kvasek [131]4 years ago
3 0
I=PRT
I=interest
P=principal
R=rate in decimal
T=time in years

given
P=1000
R=3.5%=0.035
T=3

I=1000*0.035*3
I=35*3
I=105

interest=$105
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