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3 years ago

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Ms. Young acquired a loan of $40,000 at her local bank. The loan has a simple interest rate of 6% per year. What is the amount o

f interest that Ms. Young will be charged on the loan at the end of 5 years.

1 answer:

soldier1979 [14.2K]3 years ago

8 0

Answer:

12.000

Step-by-step explanation:

40000x6= 240000/100= 2400x5

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