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zalisa [80]
3 years ago
11

Your answer

Mathematics
1 answer:
Korolek [52]3 years ago
3 0

Answer:

The total amount he pays back will be $1,401.6

Step-by-step explanation:

First off, we transform 5.6% to a decimal and multiply it by 3 (years), and that will get us 0.168. Then we use the total amount borrowed and multiply it by 0.168 (total interest for 3 years). Finally, we add that to our total amount borrowed and we get the final answer.

1200 + (1200 * 0.168) = 1,401.6  

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