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$5000 dollars is borrowed for 3 months at an annual interest rate of 18%. How much interest must be paid?
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5 votes
$5000 dollars is borrowed for 3 months at an annual interest rate of 18%. How much interest must be paid?

User Cescy
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1 Answer

3 votes

Answer:

Explanation:

18:12*3=4,5

5000*4,5:100=225

5000+225=5225

User Nadeem Jamali
by
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