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Mathematics, 20.06.2020 02:57 maggie3541

Robert gets a loan from his bank. He agrees to borrow £6,000 at a fixed annual simple interest rate of 7%. He also agrees to pay the loan back over a 10-year period. How much money in total will he have paid back at the end of the 10 years?

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Robert gets a loan from his bank. He agrees to borrow £6,000 at a fixed annual simple interest rate...

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