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18-02-2016
Computers and Technology

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Find the simple interest Jay owes on a five-year student loan of $48,000 with an annual interest rate of 5%.
$2,400
$60,000
$120,000
$12,00

Respuesta :

Аноним Аноним

18-02-2016

Use the equation I=prt where interest = principal times rate times time.

Fill it out, it becomes I= 48000(.05)(5)

I= 12000

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