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OpenStudy (anonymous):
How much interest will be paid in 1 year for a loan of $2500 at 9 1/2% simple interest?
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OpenStudy (anonymous):
I would like to know how to get the answer as well! :)
OpenStudy (anonymous):
$2,500 * 0.095 = $237.50 in interest for that year
OpenStudy (anonymous):
oh ok. thank you!
OpenStudy (anonymous):
your welcome
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