abbycg17 abbycg17
  • 28-03-2017
  • Mathematics
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If $195,000 is borrowed for 9 years at an annual simple interest rate of 12.7%, how much interest will be paid if the entire loan is paid off at the end of the ninth year?

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 28-03-2017
I=prt
I=195,000×0.127×9
I=222,885
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