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29 January, 00:06

Your family plans to start a small business in your neighborhood.

Your father borrows $10,000 from the bank at an annual interest rate of 8% for 36 months.

What is the amount of interest he will pay on his loan?

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Answers (1)
  1. 29 January, 00:31
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    His loan will cost him 12,400 USD
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