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7 October, 10:26

Lisa borrows 2850 at 4.3 simple interest per year. When Lisa pays loan back 9 years later, what total amount that Lisa ends up repaying?

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  1. 7 October, 10:36
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    Ans : $3952.95.

    Interest = P. r. t = 2850 X 4.3 X 9 = 1,102.95 and

    The total amount is = 3952.95
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