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Answered

What amount should be paid on July 5, 2017 on a loan of 100,000 made on January 25, 2018 with 4.7% simple interest?​

Sagot :

Mjheamagabilingo

Answer:

104,700

Step-by-step explanation:

4.7% = 0.047

100,000 x 0.047 =4, 700 (interest)

(principal)           interest

100,000      +     4,700 = 104,700

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