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OpenStudy (anonymous):
Dave has a three-year college loan for $10,000. The lender charges a simple interest rate of 6 percent. How much interest will he have to pa
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OpenStudy (akashdeepdeb):
You have Principal = 10000 Rate = 0.06 Time = 3 years! Just put it in the simple interest formula SI = P*R*T You'll get your answer!! :D Getting me? :)
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