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You take out a simple interest loan with a principal of $1500. Your interest rate is
5.6% and your loan term is 4 yea's.
What is the total interest you will pay?
What is the total you will pay including your principal and interest?

Respuesta :

benjaT2525

Answer:

1836

Step-by-step explanation:

5,6% of 1500 = 84

5,6% is 0,373333% of 1500  

so we do 84 x 4 for 4 year = 336 so we will + 336 and 1500 = 1836

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