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sergey [27]
3 years ago
11

Jim borrows $2,500 from his bank. The loan has a 5.4% annual simple interest rate. If it takes Jim two years to pay back the loa

n, what is the total amount he will be paying?
Mathematics
1 answer:
riadik2000 [5.3K]3 years ago
4 0
2500(.054)(2) = 270

270+2500=2770

The total amount he would pay is $2770

Happy to help,
~BP98
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