There are 3 boxes for green chips and 5 boxes for red chips. each box has the same number of chips in it. if there are a total o
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Answer: He would pay $43492.33 in total over the course of the 5 years.
Step-by-step explanation:
Since we have given that
Amount he borrowed = $32500
Rate of compounded annually = 6%
Number of years = 5 yr
As we know the formula for "Compound Interest':
Hence, He would pay $43492.33 in total over the course of the 5 years.