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Ariane borrows $300 on a 4−year loan. She is charged 5% simple interest per year. How much interest is she charged for 4 years? What is the total amount she has to pay back?
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Ariane borrows $300 on a 4−year loan. She is charged 5% simple interest per year. How much interest is she charged for 4 years? What is the total amount she has to pay back?

User Uzzal Podder
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1 Answer

1 vote
I’m pretty sure 480...
User Sonarforte
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