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Miranda has borrowed $2000 from Bank of America to help pay for a flat screen TV. The $2000 was obtained at a rate of 5% for a period of 36 months. How much will she have paid for the TV after the 36 months?
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Miranda has borrowed $2000 from Bank of America to help pay for a flat screen TV. The $2000 was obtained at a rate of 5% for a period of 36 months. How much will she have paid for the TV after the 36 months?

User Asael
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1 Answer

2 votes

Answer:

u get 300

Explanation:

so what ur looking for is the "I" and first we covert 36 months in 3 years the do this set up 2000(0.05)3

User Christian Deger
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