ashleydawn9946 ashleydawn9946

23-04-2022
Mathematics

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If you borrow $1000 for 5 years at an interest rate of 10%, the amount of interest you pay is?

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sujalpun324 sujalpun324

25-04-2022

Answer:

p=1000

t=5 years

r=10%

i=(ptr)/100

i=(1000×5×10)/100

i=50000/100

i=500

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