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mr.Jefferson took out a loan for 15,000 at 12% annual simple interest.If it takes him 5 years to repay the loan how much will he repay?
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mr.Jefferson took out a loan for 15,000 at 12% annual simple interest.If it takes him 5 years to repay the loan how much will he repay?

User Idbentley
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1 Answer

2 votes

Answer:

In 5 years, you will have $26,435.13 to re-pay.

Explanation:

User John Zhao
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