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You are allowed 10 years to pay loan back find simple interest on the loan if you borrowed 3600 at 8%
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You are allowed 10 years to pay loan back find simple interest on the loan if you borrowed 3600 at 8%

User Cintia
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1 Answer

6 votes

Answer:

2880

Explanation:

I = Prt = 3600·0.08·10 = 2880

Interest is 2880.

User Philsch
by
5.3k points
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