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Eli wants to buy a scooter for $3500. If the interest is 5% for 12 years, how much interest will he pay back for barrowing the money
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1 vote
Eli wants to buy a scooter for $3500. If the interest is 5% for 12 years, how much interest will he pay back for barrowing the money

User AziMez
by
7.5k points

1 Answer

3 votes

Answer:

$2,100

Explanation:

I = Prt

I = 3500 * 0.05 * 12

Interest = $2100

User Nur Rony
by
7.3k points
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