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makvit [3.9K]
4 years ago
6

If you borrow $12,000 for 30 months at 6.5% simple interest, what is the total amount you will have to repay?

Mathematics
1 answer:
AysviL [449]4 years ago
7 0
I = PRT
I = 12000 x 0.065 x 2.5
I = 1950
 
I + P = total amt borrowed....   1950 + 12000 = 13,950
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