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larisa [96]
2 years ago
15

Shaun pays 8% per year on a loan of £3200.

Mathematics
1 answer:
kozerog [31]2 years ago
4 0

Step-by-step explanation:

Principal loan amount x Interest rate x Time (aka Number of years in term) = Interest.

8% = 0.08

3200 × 0.08 × 7 = 1,792 £

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