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Conan borrows $3,000 at a yearly simple interest rate of 1.6% for 2 years. He owes in interest. He needs to pay back in all.​

Sagot :

Answer:

Interest: $96

He needs to pay back: $3,096

Step-by-step explanation:

1.6% = 0.016

(3000)(0.016) = $48

48 x 2 = $96

3,000 + 96 = $3096

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