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soldi70 [24.7K]
3 years ago
6

Robert gets a loan from his bank. He agrees to borrow £6,000 at a fixed annual simple interest rate of 7%. He also agrees to pay

the loan back over a 10-year period. How much money in total will he have paid back at the end of the 10 years?​

Mathematics
1 answer:
Gelneren [198K]3 years ago
7 0

Answer:

The total amount repayable will be £8,280.24.

Step-by-step explanation:

Use the attached formula

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