Moose1121 Moose1121

05-05-2017
Mathematics

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If you borrow $12,000 for 30 months at 6.5% simple interest, what is the total amount you will have to repay?

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fussellk fussellk

05-05-2017

I = PRT
I = 12000 x 0.065 x 2.5
I = 1950

I + P = total amt borrowed.... 1950 + 12000 = 13,950

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