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Lisa borrows 2850 at 4.3 simple interest per year. When Lisa pays loan back 9 years later, what total amount that Lisa ends up repaying?

Lisa borrows 2850 at 4.3 simple interest per year. When Lisa pays loan back 9 years later, what total amount that Lisa ends up repaying?
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Lisa borrows 2850 at 4.3 simple interest per year. When Lisa pays loan back 9 years later, what total amount that Lisa ends up repaying?

User Rashmin Javiya
by
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1 Answer

3 votes
Ans : $3952.95.
Interest = P.r.t = 2850 X 4.3 X 9 = 1,102.95 and
The total amount is = 3952.95
User Aglassman
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