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Calculate the simple interest on a loan of $3500 for a period of 2 years at an annual rate of 5%.
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Calculate the simple interest on a loan of $3500 for a period of 2 years at an annual rate of 5%.

User Darlene
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2 Answers

3 votes
Monthly loan payment is 153.55
User Tobiasdm
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3 votes

Answer:

Monthly loan payment is $153.55 for 24 payments at 5%

Explanation:

User Richard Irons
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