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Help Billy got a loan from the bank for $12,500 at 7.25% simple interest for 1 year, how much interest will he need to pay for the loan? A. $13406.25 B. $12507.25 C. $9062.50 D. $906.25
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Billy got a loan from the bank for $12,500 at 7.25% simple interest for 1 year, how much interest will he need to pay for the loan? A. $13406.25 B. $12507.25 C. $9062.50 D. $906.25

User Isurujay
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2 Answers

2 votes
The answer is 906.25
User Anu
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8.0k points
5 votes
It's D &906.25

12500 * .0725= 906.25

Hope that helpS
User Robert Kock
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