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Mr. Reis borrowed $4,000 for 3 years at a 6% interest rate. How much does Mr. Reis have to pay back total?

Mr. Reis borrowed $4,000 for 3 years at a 6% interest rate. How much does Mr. Reis have to pay back total?
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Mr. Reis borrowed $4,000 for 3 years at a 6% interest rate. How much does Mr. Reis have to pay back total?

User Alex Jasmin
by
8.2k points

1 Answer

3 votes

Answer:

He owes 12000

Explanation:

He owes 12000 because if he borrowed 4000 for 3 years 4000 times 3 = 12000

User Alok
by
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