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04-05-2019
Mathematics

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Luke is buying a car he will borrow $25,000 at a simple interest rate of 6% per yuear for 7 years how much interest will he pay altogether

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04-05-2019

Answer:

The interest is $10,500

Step-by-step explanation:

The equation for this is I=Prt.

P= 25000

r= 0.06

t= 7

so if you multiply them, you get $10,500.

Hope it helped you!

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