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Chris has a loan for $4200 at a rate of 8% annually. if the interest is not compounded , how much interest will he pay he pay in 6 years? a) $201.60 b) $336.00 c) $2016.00 d) $6216.00
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Chris has a loan for $4200 at a rate of 8% annually. if the interest is not compounded , how much interest will he pay he pay in 6 years?

a) $201.60

b) $336.00

c) $2016.00

d) $6216.00

User Trung
by
7.3k points

2 Answers

3 votes

Answer:

$2016.00

Explanation:

I took the quiz :3

Chris has a loan for $4200 at a rate of 8% annually. if the interest is not compounded-example-1
User Erik Asplund
by
8.3k points
5 votes
I=4,200×0.08×6
I=2,016
User Raymond Holguin
by
8.1k points
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