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Malik borrowed $8,000 to buy a new boat. He will pay off the loan after 4 years by paying back the p...
4 months ago
Q:
Malik borrowed $8,000 to buy a new boat. He will pay off the loan after 4 years by paying back the principal plus 6.5% simple interest. How much will Malik pay back altogether? A. $520 B. $2,080 C. $8,000 D. $10,080
Accepted Solution
A:
the answer is D - 10, 080