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makvit [3.9K]
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?
Mathematics
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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