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An account worth $6,000 is earning 7% simple interest annually. How much is the loan worth after 20 years?

An account worth $6,000 is earning 7% simple interest annually. How much is the loan worth after 20 years?
asked 163k views
11 votes
An account worth $6,000 is earning 7% simple interest annually. How

much is the loan worth after 20 years?

asked
User Amirhe
by
8.2k points

1 Answer

7 votes
the correct answer is 8400
answered
User Thilina
by
7.8k points
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