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$8000 is borrowed at 6.2% p.a. Simple interest for 4 years. What is the total amount owed over 4 years??
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$8000 is borrowed at 6.2% p.a. Simple interest for 4 years. What is the total amount owed over 4 years??
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Jun 24, 2019
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$8000 is borrowed at 6.2% p.a. Simple interest for 4 years.
What is the total amount owed over 4 years??
Mathematics
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Safhac
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The total amount owed after 4 years is $8000 plus the simple interest:
$8000 + $8000(0.062)(4) = $9984
Christopher H
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Jun 28, 2019
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Christopher H
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