6 To cover some unexpected expenses, you take out a simple interest loan for $ 4500 at a rate of 6 1 for up to one year The lender allows you to repay the loan anytime during the year a Find the interest you will pay if you repay the loan at the end of the year b Find the interest you will pay if ...

To calculate the interest paid on the loan in different scenarios we need to use the simple interes ...

6. To cover some unexpected expenses, you take out a simple interest loan for $ 4500...

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Microeconomics An Intuitive Approach with Calculus

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6. To cover some unexpected expenses, you take out a simple interest loan for $ 4500...

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