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Your family plans to start a small business in your neighborhood.Your father borrows $10,000 from the bank at an annual interest rate of 8% for 36 months. What is the amount of interest he will pay on
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Your family plans to start a small business in your neighborhood.Your father borrows $10,000 from the bank at an annual interest rate of 8% for 36 months. What is the amount of interest he will pay on his loan?

User JJD
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1 Answer

0 votes

Answer:

10000*8%*3

=$2400 loan interest


User Roman Orac
by
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