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Solve the interest and the amount to pay back on the following simple interest loan: $ 2,500 at 11% for 2 years.
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Solve the interest and the amount to pay back on the following simple interest loan: $ 2,500 at 11% for 2 years.

User Mike Storey
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1 Answer

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Answer: $550

Step-by-step explanation: 2500 * 0.11 = 275 275 * 2 = 550

User Banno
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