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3 May, 09:28

You borrow $1200 to buy a piano. the simple interest rate is 12%. you pay off the loan after 4 years. how much do you pay for the loan?

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Answers (2)
  1. 3 May, 10:32
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    The answer is 1200 + 576 = 1776
  2. 3 May, 11:27
    0
    S. I = PTR/100

    SI = 1200*4*12 / 100

    = 576

    amount = 1200 + 576 = 1776
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