iinatix iinatix

26-05-2020
Mathematics

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Joe borrowed $2000 from the back at a rate of 7% simple interest per year. How much interest did he pay in 4 years?

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BenjaminPhilip BenjaminPhilip

26-05-2020

Answer:

$ 560

Step-by-step explanation:

Interest = PRT \ 100

= 2000 × 7 × 4 \ 100

= 20 × 7× 4

= 560

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