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Mathematics, 11.12.2020 01:40 panpanriser76

Two teachers took out loans from a bank. Mr. Ramirez took out a 3-year loan for $7,500 and paid 4.8% annual simple
interest.
Mr. Vasquez took out a 5-year loan for $7,500 and paid 4.5% annual simple
interest.
What is the difference between the amounts of interest Mr. Ramirez and Mr. Vazquez paid
for their loans?

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Answers: 3

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