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Your family plans to start a small business in your neighborhood.Your father borrows $10,000 from the bank at an annual interest rate of 8% for 36 months. What is the amount of …

Your family plans to start a small business in your neighborhood.Your father borrows $10,000 from the bank at an annual interest rate of 8% for 36 months. What is the amount of …
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1 vote
Your family plans to start a small business in your neighborhood.Your father borrows $10,000 from the bank at an annual interest rate of 8% for 36 months. What is the amount of interest he will pay on his loan?

asked
User JJD
by
8.5k points

1 Answer

0 votes

Answer:

10000*8%*3

=$2400 loan interest


answered
User Roman Orac
by
7.9k points
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