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Mathematics, 08.12.2020 22:50 Jasten

Mr. Hobbs took out a loan of $12,000 for 4 years at a simple annual interest rate of 7%. How much interest did he pay? A-$15,360
B-$840
C-$33,600
D-$3,360

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Mr. Hobbs took out a loan of $12,000 for 4 years at a simple annual interest rate of 7%. How much in...
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