Mathematics, 21.04.2021 07:50 joha004

2. Solve the following problems involving simple interest. Recall Simple Interest-INT=PVrt
An investor decides to offer a business owner a $45,000 loan at simple interest of 3.5%
per year. Find the total amount in dollars, the investor will receive when the loan is
repaid after 7 years.

2. Solve the following problems involving simple interest. Recall

Simple Interest-INT=PV*r*t
An i

Answers: 1

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More questions: Mathematics Another questions

2. Solve the following problems involving simple interest. Recall Simple Interest-INT=PV*r*t An investor decides to offer a business owner a $45,000 loan at simple interest of 3.5% per year. Find the total amount in dollars, the investor will receive when the loan is repaid after 7 years.

Answers

Another question on Mathematics

2. Solve the following problems involving simple interest. Recall Simple Interest-INT=PVrt
An investor decides to offer a business owner a $45,000 loan at simple interest of 3.5%
per year. Find the total amount in dollars, the investor will receive when the loan is
repaid after 7 years.