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Please Help! April took out a $900 loan from the bank. At the end of the 5 years, a 3.4%interest rate. How much interest does she have to pay back?

User Tim McLean
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1 Answer

9 votes

Answer: $30.60

Explanation:

multiply 3.4% or 0.034 in decimal form, by 900, and that’s your interest

User John Hubert
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