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Calculate the simple interest on a $20,000 loan at an interest rate of 8 percent after 5 years.(1 point)
$800,000 $800,000
calculate the simple interest of $20,000 a loan at the interest rate of 8% after five years
8,000 800,000 80,000 1,600
Calculate the simple interest on a $20,000 loan at an interest rate of 8 percent after 5 years.(1 point)
Responses $8,000 $8,000