2. Solve the following problems involving simple interest. Recall
Simple Interest-INT=PV*r*t
...
Mathematics, 21.04.2021 07:40 kaquino983
2. Solve the following problems involving simple interest. Recall
Simple Interest-INT=PV*r*t
An investor decides to offer a business owner a $45,000 loan at simple interest of 3.5%
per year. Find the total amount in dollars, the investor will receive when the loan is
repaid after 7 years.
Answers: 1
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