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Mr. Hobbs took out a loan of $12,000 for 4 years at a simple annual
interest rate of 7%. How much interest did he pay?

Respuesta :

Answer:

Step-by-step explanation:

I= P*r*t

I = 12000* 7% *4

Total interest paid was $3360.

glambyashleygarza

Answer: $3,360

Step-by-step explanation:

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