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OpenStudy (anonymous):
Andrew has a four-year college loan for $20,000. The lender charges a simple interest rate of 5 percent. How much interest will he have to pay? simple interest = P × r × t
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OpenStudy (pradipgr817):
interest is already given in the question? please check
OpenStudy (anonymous):
4,000
OpenStudy (anonymous):
4 times 20,000 times .05 percent gives you 4,000
OpenStudy (anonymous):
.06 my bad
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