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OpenStudy (anonymous):
Dr.drake is thinkinking about retirment and decides to sail around the world once he retires. He buys a sailboat for 125000. He borrows the money at an arp of 7.5% for five years. WHat will his totoal intrest be?
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OpenStudy (ash2326):
Interest=P*R*T P=125000 R=7.5% T=5 Interest=125000*7.5*5/100 =46875
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