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5 December, 23:09

The owner of a clothing store borrows $5,000 for 1 year at 14.5% interest. If he pays the loan back at the end of the year, how much does he pay back

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  1. 6 December, 01:22
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    Depends on the sort of interest, He could have paid annual interest, compound interest, monthly. If it is annual interest the answer is 5,725$

    Step-by-step explanation:

    Multiply the initial value by the growth (1.145)
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