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11 August, 15:38

Chris has a loan for $4200 at a rate of 8% annually. if the interest is not compounded, how much interest will he pay he pay in 6 years?

a) $201.60

b) $336.00

c) $2016.00

d) $6216.00

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  1. 11 August, 17:07
    0
    I=4,200*0.08*6

    I=2,016
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