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18-11-2020
Mathematics

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What is the annual interest on a 5,000 loan with a simple interest rate of 6%

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TheyNoticeZyan TheyNoticeZyan

18-11-2020

Answer:$50.00

Step-by-step explanation:Each monthly interest is $4.17 so you muiltiply is by 12 and get $50.00 annually

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