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A customer has a credit card that charges 18% simple interest every year. How much interest will the customer save by paying off a credit card debt of $5,000 at the end of 1 yea…

A customer has a credit card that charges 18% simple interest every year. How much interest will the customer save by paying off a credit card debt of $5,000 at the end of 1 yea…
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2 votes
A customer has a credit card that charges 18% simple interest every year. How much interest will the customer save

by paying off a credit card debt of $5,000 at the end of 1 year instead of at the end of 3 years?
$300
B $600
$900
D$1,800

asked
User Lilbeth
by
7.9k points

1 Answer

3 votes

Answer:

$900

Explanation:

18% of $5000

0.18×5000=900

The customer will save $900

answered
User Charles Landau
by
8.6k points
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