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02-01-2021
Mathematics

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Dilacey takes out a loan from the bank that charges a 10% interest rate. After 18 months,
she accrues $420 in simple interest. How much was the loan that Dilacey took out?

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Eddie1Wan Eddie1Wan

02-01-2021

Answer:

Dilacey took a loan of $2800

Step-by-step explanation:

P=(Simple Interest×100)/R×T

P=$420×100/10×1½

P=$42000/15

P=$2800

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