SOLUTION: If $13,000 is borrowed at 5.8% simple interest for 10 years, how much interest will be paid for the loan?
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Question 1110354
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If $13,000 is borrowed at 5.8% simple interest for 10 years, how much interest will be paid for the loan?
Answer by
Boreal(15235)
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I=prt=13000*.058*13=$7540