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26-02-2016
Mathematics

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Joanna wants to buy a car. Her parents loan her $5,000 for 5 years at 5% simple interest. How much will Joanna pay in interest?

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garydesir1 garydesir1

26-02-2016

I= Prt I= 5000*0.05*5 I= $1,250 So she will pay $ 1,250 in interest . I hope that's help !

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