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1 Danny took out a $5000 loan with an annual simple interest rate of 6% for 3 years. What is the total amount (not just the interest) paid on the loan after 3 years?

1 Danny took out a $5000 loan with an annual simple interest rate of 6% for 3 years. What is the total amount (not just the interest) paid on the loan after 3 years?
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Danny took out a $5000 loan with an annual simple interest rate of 6% for 3 years. What is the total amount (not just the interest) paid on the loan after 3 years?

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User Cooxkie
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8.3k points

1 Answer

4 votes

Answer: $5300 dollars

Explanation:

answered
User Sebastian Dwornik
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