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Mathematics 13 Online
OpenStudy (anonymous):

Find the total amount due on the loan using simple interest. Principle Rate Time in Months $700 2% 6 The total amount due is $________

OpenStudy (anonymous):

Is it 2% per year? or monthly

OpenStudy (anonymous):

the rate is just 2%

OpenStudy (anonymous):

i bwelieve its $84

OpenStudy (anonymous):

So the rate is 2% in a given 6 months. The easiest way I figure out percentages is just add the rate to 100% and multiply it by the loan. Do you agree $700 is 100% of the loan ?

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