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29 August, 01:07

A company borrows $63 comma 000

for 7

years at a simple interest rate of 9.5

%.

Find the interest paid on the loan and the total amount paid.

+5
Answers (1)
  1. 29 August, 01:27
    0
    The interest paid on the loan is $41,895

    the total amount paid is $104,895
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