buggieliv buggieliv

03-02-2021
Mathematics

contestada

I am taking out a loan of $6300. How much
simple interest will he pay on the loan over a
period of 5 years at a rate of 5%?

Respuesta :

elyashamid elyashamid

04-02-2021

5% * $6300/100% = $315
$315 * 5=$1575

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