6. Gerard takes out a $2500 loan at 5% interest each month.

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asked Jun 9, 2024 70.3k views

3 votes

6. Gerard takes out a
$2500 loan at 5%
interest each month.

Mathematics
college

Spotlight asked

by Spotlight

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1 Answer

3 votes

Answer:

1.05.

Explanation:

you only earn 5% extra, not 0.5% extra.

Lotta answered Jun 16, 2024

by Lotta

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