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25 July, 02:01

Suppose $1,000 is borrowed for one year at 8% simple interest. How much is due at the end of the year to

pay off the loan? If the loan is paid off in 6 months, how much is due?

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Answers (2)
  1. 25 July, 02:04
    0
    you will be bankrupt simple!
  2. 25 July, 02:07
    0
    You would not have mney at all.
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