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12 January, 01:46

Steph took out a simple interest loan that charges 8.5% interest annually. If her loan amount was for $30000. And she is paying off the loan over 29 years, how much will she pay altogether?

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  1. 12 January, 02:26
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    Answer:I = 30,000*0.085*29

    I=73,950

    Amount = 73950+30000

    $37,950
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