The sanctuary takes out a $12,500 loan to renovate its gift shop.
At 5% simple interest, how much would the sanctuary need to pay back in total after 10 years?
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Answer:
12500 × 5 × 10/ 100 = 6250
after 10 years you will have to pay 12500 + 6250 = 18750.
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Answer:18750
Start off with the numbers that you have and use variables as place holders
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