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2 years ago

5

A company borrows $50,000 for 8 years at a simple interest rate of 13.5%. Find the interest paid on the loan and the total amoun

t paid
The interest paid on the loan is $

The total amount paid is $

1 answer:

arsen [322]2 years ago

8 0

Answer:

13.5%×50000=6750

this is interest paid on loan 6750

50000+6750=56750

The total amount paid

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