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Arithmetic Ability
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Q.
Rondell's parents borrow $6,300 from the bank for a new car. The interest rate is 6% per year. How much simple interest will they pay if they take 2 years to repay the loan?
A.
556
B.
665
C.
756
D.
856
View Answer
Correct choice: C
Explanation:
I=prt
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