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A bank offer an annual simple unterest rate of 7% on home improvement loans. How much would Billy owe if he borrowed $18500 over a period of 3.5 years?

A bank offer an annual simple unterest rate of 7% on home improvement loans. How much would Billy owe if he borrowed $18500 over a period of 3.5 years?
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A bank offer an annual simple unterest rate of 7% on home improvement loans. How much would Billy owe if he borrowed $18500 over a period of 3.5 years?

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User NabilS
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1 Answer

3 votes
The answer is $4532.50
answered
User Sevara
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