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To buy a car, Jessica borrowed $15,000 for 3 years at an annual simple interest rate of 9%. How much interest will she pay if she pays the entire loan off at the end of the third year? What is the total
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To buy a car, Jessica borrowed $15,000 for 3 years at an annual simple interest rate of 9%. How much interest will she pay if she pays the entire loan off at the end of the third year? What is the total amount she will repay

User Tekill
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1 Answer

2 votes

Answer:

Jessica will repay a total of $19,050 on her loan.

Hope This Helps :3

User Jane Kathambi
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