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Determine the amount of the loan

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You have decided to take out a home improvement loan to make repairs on your house. Determine the amount of the loan you will need, the simple interest rate for such a loan, and the amount of interest you will pay for two years. Use the formula I = PRT.

Reference no: EM131071323

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Determine the amount of the loan : You have decided to take out a home improvement loan to make repairs on your house. Determine the amount of the loan you will need, the simple interest rate for such a loan, and the amount of interest you will pay for two years. Use the formula ..

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