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marin [14]
3 years ago
9

a college loan of 15000 has a 3% annual simple interest rate what is the interest the student will pay after 5 years

Mathematics
1 answer:
inessss [21]3 years ago
7 0

Answer:

Interest = $ 90000

Step-by-step explanation:

Given, Principal= $15000

Rate = 3%

Time = 5 years

Interest = P × R × T/100

Therefore, Interest = 15000 × 3 × 5/100

(dividing 100 by 5 to get 20)

= 15000 × 3 × 20

= 90000

if it helps don't forget to like and mark me down

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Alchen [17]

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ludmilkaskok [199]

Answer:

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Step-by-step explanation:

Step 1: Write equation

5x - 2(x + 1) = 1/4

Step 2: Solve for <em>x</em>

  1. <u>Distribute -2:</u> 5x - 2x - 2 = 1/4
  2. <u>Combine like terms:</u> 3x - 2 = 1/4
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Step 3: Check

<em>Plug in x to verify it's a solution.</em>

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