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18 January, 12:38

A bank offers a home improvement loan with simple interest at an annual rate of 12% j. t. borrows $14000 over a period of 3 years. how much will he pay altogather

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  1. 18 January, 13:07
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    Interest = PRT/100

    I = 14000*0.12*3

    I=5040

    Add Interest to the Principal

    14000 + 5040

    = $19,040

    A is the answer.
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