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Mathematics, 08.12.2021 16:50 autumnsusan190ox9kn4

Rich borrowed $5000 at a 7% interest rate for 6 years. What was the total interest?

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Hint: Use the formula I=P×R×T

where

I= Interest Earned/Owed

P= Principal

R= Interest Rate

T= Time


Rich borrowed $5000 at a 7% interest rate for 6 years.

What was the total interest?
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Answers: 1

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