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Mrrafil [7]
3 years ago
7

Ben takes out a personal loan of £1200 with a simple interest rate of 20% for a term of 3 years how much is the total cost of th

e personal loan after 3 years?
Mathematics
1 answer:
lilavasa [31]3 years ago
5 0

Answer:

$1920

Step-by-step explanation:

Original amount: £1200 x Simple interest rate: 0.2 x number of years: 3 = 720

Add Original onto simple interest

£1200 + £720 = £1920

Total Cost of personal loan after 3 years = £1920

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Step-by-step explanation:

The information that we have its

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7 0
3 years ago
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7 0
3 years ago
Write an algebraic expression that represents 2 less than 18 times a number?<br>​
german

Answer:

Step-by-step explanation:

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3 0
3 years ago
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kap26 [50]

Answer:

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Step-by-step explanation:

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8 0
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vampirchik [111]
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Its simple arithmetic when you get down to it. The $2,137 won't change because it is the base rate per month, meaning even if they don't make any units they will still earn that much in the month. You subtract from that the cost to make a unit, in this case it is $15.15 per unit, so you multiply the cost by number of units to get the month's total costs. Then add the total month's profits by multiplying the number of units by the profits of one unit.
8 0
4 years ago
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