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

User Spotlight
by
7.7k points

1 Answer

3 votes

Answer:

1.05.

Explanation:

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

User Lotta
by
7.3k points
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