$675 borrowed for six years at an interest rate of 10% how much is interest

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$675 borrowed for six years at an interest rate of 10% how much is interest

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Emery 2 weeks 2021-09-08T05:04:01+00:00 1 Answer 0

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    2021-09-08T05:05:14+00:00

    Answer:$405

    Step-by-step explanation:

    Simple interest = Principal x Rate x Time

    Given that Principal =$675

    Rate= 10% = 10/100 = 0.1

    Time = 6years

    Slot the values into the formula, then multiply:

    I= 675 x 0.1 x 6

    =$405

    Interest of $405 will be paid.

    I hope this helps.

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