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15 May, 22:25

Mr. Jenkins borrowed $600 at a simple interest rate of 4%. He wants to repay the loan in 3 years. What is the total amount that mr. jenkins will repay?

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  1. 16 May, 01:03
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    He will repay $72. 600x4% (0.04) x3=72. He will repay 72 dollars back.

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