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Mathematics 16 Online
OpenStudy (asad786):

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OpenStudy (anonymous):

Simple interest is taken from the initial total. This means that each year they add on the same amount as a percentage of the original amount. So in the first case, calculate 4% of the $10,000 loan and multiply by 4 for the total interest paid. In the second case, calculate 5% and multiply by 6. The difference between these two is your answer.

OpenStudy (asad786):

so d guys

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