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Mathematics, 14.01.2020 10:31 MickeyAppleX

Abank offers an annual simple interest rate of 8% on home improvement loans. tobias borrowed $17,000 over a period of 2 years. how much did he repay altogether?

i tried it and got an answer of $19,720. am i correct?

a)$1,360 c)$18,360
b)$2,720 d)$19,720

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