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a bank offers question in math

Mathematics
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a bank offers an annual simple interest rate of 8% on home improvement loans. how much would tobaias owe if he borrowed $17,000 over a period of 2 years

Oct 6th, 2014

Interest =17000*0.08*2 =170*8*2 =2720

Tobaias owes 17000+2720 =19720

Answer $19,720

Oct 6th, 2014

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