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21 February, 03:16

Find the amount paid for the loan.

$1500 at 9% for 2 years

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  1. 21 February, 05:51
    0
    principal=1500

    rate=9%=0.09

    time=2

    I=1500 times 0.09 times 2

    I=1500 times 0.18

    I=270

    interest=270

    total is 1500+270=1770 total paid
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