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29 March, 11:49

maxwell borrows 1,000 to repair his car at 9% interest if he pays the loan back over the next 1.5 years how much does he pay back including interest

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  1. 29 March, 13:52
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    is interest per 1 year? if so:

    interest per year=9%*1000

    =90

    interest for. 5 years=90:2

    =45

    1000+90+45=1135

    Ans: 1135
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