emorris06
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Albert borrowed $12,000 at a
simple interest rate of 6.9%. He paid
off the loan in 5 years. What is the
total amount that Albert paid?

Albert borrowed 12000 at a simple interest rate of 69 He paid off the loan in 5 years What is the total amount that Albert paid class=

Respuesta :

jace9192

Answer:

the answer is A

Step-by-step explanation:

tmgregory79

Answer:

B) $16,140

Step-by-step explanation:

I=P.R.T

I=(P=12000)(R=6.9%)(T=5)

Convert R into decimal .069

(12000(.069)(5)=4140

I=4140

Add Original  amount borrowed and interest

12000+4140=$16,140

Total amount paid $16.140

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