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Jack loaned Bob $1,500 at an annual interest rate of 7%. If Bob makes no payments, how much will he owe Jack after one year?

Jack loaned Bob $1,500 at an annual interest rate of 7%. If Bob makes no payments, how much will he owe Jack after one year?
asked 225k views
4 votes
Jack loaned Bob $1,500 at an annual interest rate of 7%. If Bob makes no payments, how much will he owe Jack after one year?

asked
User RHaguiuda
by
7.8k points

1 Answer

5 votes

Answer:

105$

Explanation:

1500/100 = 15

15 * 7 = 105

answered
User Martin Ueding
by
9.0k points
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