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If you take out a $5,000.00 loan with 10% interest how much do you pay back just in interest in 4 years?

If you take out a $5,000.00 loan with 10% interest how much do you pay back just in interest in 4 years?
asked 29.8k views
1 vote
If you take out a $5,000.00 loan with 10% interest how much do you pay

back just in interest in 4 years?

asked
User Anik Saha
by
7.8k points

1 Answer

3 votes

Answer:

Explanation:

I=PRT/100

I=5000*10*4=200,000/100

I=$2000

answered
User Duemir
by
7.5k points
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