SOLUTION: Chloe’s Manufacturing Company borrows $295,000 for 5 years at a simple interest rate of 4.8%. Find the interest paid on the loan and the total amount paid.
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Question 1066590: Chloe’s Manufacturing Company borrows $295,000 for 5 years at a simple interest rate of 4.8%. Find the interest paid on the loan and the total amount paid. Answer by Boreal(15235) (Show Source):
