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11-11-2020
Mathematics

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Joe borrowed $3,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 6 years?

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KayMusic KayMusic

11-11-2020

Answer:

1260

Step-by-step explanation:

I'm not 100% sure this is correct

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hideserter2 hideserter2

11-11-2020

Answer:

$1,260

Step-by-step explanation:

I = Prt

I = 3,000 (0.07) (6)

I = 3,000 (0.42)

I = 1,260

Joe paid $1,260 in 6 years.

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