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27 June, 19:00

You borrow $10,000 to buy a car. the simple interest rate is 3%. you pay the loan off after 6 years. what is the total amount you paid for the loan?

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  1. 27 June, 19:09
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    The amount loan is 10,000.00 at 3% interest for the next six years you will end up paying $10,939.45
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