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Mathematics, 25.03.2020 06:31 angelinakanno

You need to borrow $1000. You can borrow it for 3 years at 8% simple interest, or for 2 years at 11% simple interest. Which loan will cost more? By how much?

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You need to borrow $1000. You can borrow it for 3 years at 8% simple interest, or for 2 years at 11%...
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