drummondtracy drummondtracy

19-02-2021
Mathematics

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Melanie and Mark borrowed $2500 at a simple interest rate of 7% for a period of 3 years. What was the interest?

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aridjmahamat aridjmahamat

21-02-2021

Answer:

525 $

Step-by-step explanation:

Amount borrowed = $2500

Rate = 7%

Time = 3 years

therefor interest = $2500 X 7/100 X 3

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