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OpenStudy (matthew120):
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):
Assuming the interest rate is 91/2 (the format is garbled in the question), the answer is 2500*0.095 = 237.50
OpenStudy (anonymous):
hope that helped ^ :p
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