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4 years ago

10

Dave has a three-year college plan loan for $10,000. the lender charges a simple interest rate of 6%. How much interest will he

have to pay?

2 answers:

kirill [66]4 years ago

7 0

The interest he will have to pay is: 0.06×10000=600
The interest he will have to pay is $600

STatiana [176]4 years ago

5 0

Simple Interest = Principle × time × rate
10000 × 3 × 6% = 1800

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