A loan of 15 000 is taken out if the interest rate on the


A loan of $15 000 is taken out. If the interest rate on the loan is 7%, how much interest is due and what is the amount repaid ifa) The loan is due in seven months;b) The loan was taken out on April 7 and is due in seven months?

 

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Business Management: A loan of 15 000 is taken out if the interest rate on the
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