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zysi [14]
3 years ago
15

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.
Mathematics
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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