SOLUTION: what is the intrest paid over two years on 7000 at 25%

SOLUTION: what is the intrest paid over two years on 7000 at 25%

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Question 939907: what is the intrest paid over two years on 7000 at 25%

Answer by laoman(51) (Show Source): You can put this solution on YOUR website!
From the question,

Principal = 7000
Rate = 25%
Time =2 years
Therefore
=140*25 = 3500 units
QED
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