You take out a loan of $150 at a rate of 3% annual(yearly) simple interest. How much will you owe in total after 1 year?

Question

You take out a loan of $150 at a rate of 3% annual(yearly) simple interest.

How much will you owe in total after 1 year?

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Calantha 1 week 2021-07-22T04:55:04+00:00 1 Answers 2 views 0

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    2021-07-22T04:56:06+00:00

    Answer:

    $152.40

    Step-by-step explanation:

    You pay $12.70 every month so if you multiply that by 12, you get 152.40

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