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15 February, 07:30

You obtain a simple interest loan from National City for $2,500 at 7.5% for 5 years. Find the amount of interest on the loan.

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  1. 15 February, 11:00
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    (2500*7.5%) * 5 = you answer. 075=7.5%

    2500*.075=187.5

    187.5*5=937.5

    Your answer is 937.5
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