3. A bank charges 2.25% per month simple interest on
personal loans. If John borrows $6400 for a period
of 2 years I month, find the total interest he has
to pay.
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Answer:
interst =6400x0.0225×24
=3456
Step-by-step explanation:
priciple =64oo
rate =2.25percent =2.25/100=0.0225
time =2year =2×12=24 mnth
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