sofiatullus sofiatullus
  • 24-02-2021
  • Mathematics
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You borrow $1600 to buy a living room set. The simple interest rate is 9%. You pay off the loan after 3 years. How much do you pay for the loan?

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KagamiTaiga
KagamiTaiga KagamiTaiga
  • 24-02-2021
You pay 1744

Explanation:

1600 • 0.09 = 144

1600 + 144 = 1744
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