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12-05-2022
Mathematics

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A borrower has been approved for a loan of $5,000 at 8% interest. The loan will be repaid in nine months. What amount will be repaid at that time?

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Falcrum Falcrum

12-05-2022

Answer:

Just multiply 5000 * 0.08, which equals 400.

400 + 5000 = 5400

The borrower will repay $5400 at the end of nine months.

Step-by-step explanation:

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