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3 years ago

14

judy borrow 600 from her friend and promises to pay it back in 3 years with the 4% interest rate. calculate the simple interest

judy should pay back at the end of 3 years

1 answer:

s2008m [1.1K]3 years ago

4 0

Answer:

.

Step-by-step explanation:

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2 years ago

HELP HELP !! & PlEASE SHOW WORK ! What would be the compound interest rate if Tom borrowed $6,000 at a 3% interest rate for

In-s [12.5K]

Answer:

Compound interest = $365.4

Step-by-step explanation:

Given:

Amount borrowed = $6,000

Rate of interest = 3%

Number of year = year

Find:

Compound interest

Computation:

A = P[1+r]ⁿ

Amount after 2 year = 6,000[1 + 3%]²

Amount after 2 year = 6,000[1 + 0.03]²

Amount after 2 year = 6,000[1.03]²

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2 years ago