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deff fn [24]
3 years ago
15

If you take a loan at a bank for 5,000$ at a rate of 5% and for 4 years, how much is the interest? *reminder: convert the % to i

ts equivalent decimal first
Mathematics
1 answer:
Black_prince [1.1K]3 years ago
6 0

I = P×T×R/100

soln I= 5000×5×4/100

Hence I= 50×5×4

therefor I=1000

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