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11. A bank is offering a 6-month loan of $5,000 with an annual simple interest rate of 7%. What is the loan amount at maturity? a. $5,175 b. $5,100 c. $5,050 d. $5,235

11. A bank is offering a 6-month loan of $5,000 with an annual simple interest rate of 7%. What is the loan amount at maturity? a. $5,175 b. $5,100 c. $5,050 d. $5,235
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11. A bank is offering a 6-month loan of $5,000 with an annual simple interest rate of 7%. What is the

loan amount at maturity?
a. $5,175
b. $5,100
c. $5,050
d. $5,235

asked
User AskApache Htaccess
by
7.7k points

1 Answer

6 votes
It’s B
For sure
I hope :/
answered
User Josh
by
8.3k points
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