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Find the Simple Interest on Each Loan $7000\$ 7000 From a Credit Union At

Question 139

Multiple Choice

Find the simple interest on each loan.
-You borrow $7000\$ 7000 from a credit union at 14%14 \% interest for 6 months. Find the total amount due on the loan.


A) $7490\$ 7490
B) $7980\$ 7980
C) $490\$ 490
D) $980\$ 980

Correct Answer:

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