Mathematics, 05.05.2020 15:40 lexipooh7894

Suppose $1,000 is borrowed for one year at 8% simple interest. How much is due at the end of the year to
pay off the loan? If the loan is paid off in 6 months, how much is due?

Answers: 2

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Suppose $1,000 is borrowed for one year at 8% simple interest. How much is due at the end of the yea...

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More questions: Mathematics Another questions

Suppose $1,000 is borrowed for one year at 8% simple interest. How much is due at the end of the year to pay off the loan? If the loan is paid off in 6 months, how much is due?

Answers

Another question on Mathematics

Suppose $1,000 is borrowed for one year at 8% simple interest. How much is due at the end of the year to
pay off the loan? If the loan is paid off in 6 months, how much is due?