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22-05-2022
Mathematics

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calculate simple interest on a loan for $1,800 with a 6% interest rate that will be paid back after 2 years. what would the monthly payment be?

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22-05-2022

Answer:

the monthly payment be 2016

Step-by-step explanation:

I = p×(1+ rn )

I=1800×(1+ 6/100 ×2)

∴I= 2016

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