jacksonj31 jacksonj31

12-12-2021
Mathematics

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find the total amount due on a loan of $5000 for eight years and 10% simple interest

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bhatch0951 bhatch0951

13-12-2021

Answer:

170years

Step-by-step explanation:

R/100=2.5%

time= 100=0.025 per year (1/0.025) (5200\1000)-1=168

time=168 years

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