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What is the total interest on a 3 year term loan of $1,250 with a simple interest rate of 10.5%

What is the total interest on a 3 year term loan of $1,250 with a simple interest rate of 10.5%
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What is the total interest on a 3 year term loan of $1,250 with a simple interest rate of 10.5%

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User Tulay
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1 Answer

2 votes
you use the formula y=(1250)^(1.105)^3
answered
User Abarnert
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