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OpenStudy (anonymous):
If I bought something for $720 simple intereston a 7.5 year loan at 16%. Whats the principal
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OpenStudy (anonymous):
did you pay 720 in interest or 720 total?
OpenStudy (anonymous):
interest
OpenStudy (anonymous):
I=Prt P=I/rt P=720/[(7.5)*(.16)]
OpenStudy (anonymous):
=5400
OpenStudy (anonymous):
what if it was the total and not interest $720
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