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26 October, 15:14

Ms. Blanks borrows $16,000 to buy a car. She pays simple interest at an annual rate of 6% over a one year period. How much does she pay altogether?

Formula: interest = principal x rate x time Show your work

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  1. 26 October, 18:19
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    16000x0.06x1 = 960

    16000+960 = 16960
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