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sdas [7]
3 years ago
12

Mr. Hobbs took out a loan of $12,000 for 4 years at a simple annual

Mathematics
1 answer:
givi [52]3 years ago
7 0

Answer:

Step-by-step explanation:

<em>I=</em><em> P*r*t</em>

<em>I = 12000* 7% *4</em>

<em>Total interest paid was $3360.</em>

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