Maths

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Mrs Ricky borrowed $5,340 at a bank at 9.5% per annum simple interest for 5 years.

(A) the sum of money paid in interest to the bank.

(B) the total amount of money repaid to the bank.

(C) the value of each monthly installment.

  • Maths -

    Start with this formula:

    Interest = Principle * Rate * Time

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