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Bob borrowed $2,500 at an annual interest rate of 3%

Bob borrowed $2,500 at an annual interest rate of 3%
asked 208k views
3 votes
Bob borrowed $2,500 at an annual interest rate of 3%

asked
User Havnar
by
7.7k points

1 Answer

5 votes

Answer:

Ex:

after 7 years you will have: $3074.68

Explanation:

$2500 × 1.037 = $2500 × 1.2299 = $3074.68

answered
User Kevin Horvath
by
7.7k points
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