Find the interest on the loan if you borrowed $5000 at 5% interest for 1 year
1 answer:
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We are given:
There seems to be nothing I can do to simplify this equation. However, I can factor out an since they both have at least an
. Here is what we get:
This is in the simplest form I can get into. I cannot do anything more to simplify this expression. This is your final answer.